Bank failure · TX

First Republicbank-Temple, N.A. (Temple, TX) — failed July 29, 1988

First Republicbank-Temple, N.A. of Temple, Texas was closed on July 29, 1988 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $163.6M in assets and $150.4M in deposits. The FDIC's estimated loss on the failure is $13.9M (8.5% of assets).