FIRST REPUBLICBANK-BROWNWOOD, N.A. Failed 1988

What happened

FIRST REPUBLICBANK-BROWNWOOD, N.A. of BROWNWOOD, TX was closed on 1988-07-29. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to NCNB TEXAS NATIONAL BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1809

FDIC Certificate

3118

FDIC FIN

2853

Bank name

FIRST REPUBLICBANK-BROWNWOOD, N.A.

Location

BROWNWOOD, TX

Failure date

1988-07-29

FDIC resolution date

1988-10-22

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$28M

Deposits at failure

$119M

Assets at failure

$127M

Acquiring bank

NCNB TEXAS NATIONAL BANK (DALLAS, TX)

Other banks NCNB TEXAS NATIONAL BANK acquired in FDIC resolutions

• NBC BANK-KERRVILLE, NATIONAL ASSOC (KERRVILLE, TX) — failed 1990-06-01
• NBC BANK-AUSTIN, NATIONAL ASSOC (AUSTIN, TX) — failed 1990-06-01
• NBC BANK-HOUSTON, NATIONAL ASSOC (HOUSTON, TX) — failed 1990-06-01
• NBC BANK-UVALDE, NATIONAL ASSOC (UVALDE, TX) — failed 1990-06-01
• NBC BANK-BOERNE, NATIONAL ASSOC (BOERNE, TX) — failed 1990-06-01
• NBC BANK-RIO GRANDE VALLEY, NA (MISSION, TX) — failed 1990-06-01
• NBC BANK-SEGUIN, NATIONAL ASSOC (SEGUIN, TX) — failed 1990-06-01
• NBC BANK-SAN ANTONIO, NATIONAL ASSOC (SAN ANTONIO, TX) — failed 1990-06-01
• NBC BANK- SOUTH TEXAS, NATIONAL (CORPUS CHRISTI, TX) — failed 1990-06-01
• THE HUNTSVILLE NATIONAL BANK (HUNTSVILLE, TX) — failed 1990-05-31