Bank failure · TX

Republic of Texas Sa (Houston, TX) — failed January 15, 1982

Republic of Texas Sa of Houston, Texas was closed on January 15, 1982 and resolved through a a/a. Home Sa of America (CA) took over its insured deposits. At failure it held $257.6M in assets and $188.3M in deposits. The FDIC's estimated loss on the failure is $63.7M (24.7% of assets).