Bank failure · TX

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

First Republicbank-Waco, N.A. of Waco, 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 $716.3M in assets and $591.9M in deposits. The FDIC's estimated loss on the failure is $59.0M (8.2% of assets).