Bank failure · TX

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

First Republicbank-Wichita Falls of Wichita Falls, 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 $304.2M in assets and $270.7M in deposits. The FDIC's estimated loss on the failure is $42.4M (13.9% of assets).