FIRST REPUBLICBANK-LUBBOCK, N.A. Failed 1988

What happened

FIRST REPUBLICBANK-LUBBOCK, N.A. of LUBBUCK, 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

1821

FDIC Certificate

3315

FDIC FIN

2869

Bank name

FIRST REPUBLICBANK-LUBBOCK, N.A.

Location

LUBBUCK, 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.)

$2M

Deposits at failure

$476M

Assets at failure

$528M

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