Bank failure · TX

First Republicbank-Victoria (Victoria, TX) — failed July 29, 1988

First Republicbank-Victoria of Victoria, 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 $175.2M in assets and $163.0M in deposits. The FDIC's estimated loss on the failure is $21.5M (12.3% of assets).