Bank failure · TX

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

First Republicbank-Tyler, N.A. of Tyler, 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 $610.4M in assets and $536.5M in deposits. The FDIC's estimated loss on the failure is $67.6M (11.1% of assets).