FIRST REPUBLICBANK-MIDLAND, N.A. Failed 1988
What happened
FIRST REPUBLICBANK-MIDLAND, N.A. of MIDLAND, 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
- 1843
- FDIC Certificate
- 24782
- FDIC FIN
- 2872
- Bank name
- FIRST REPUBLICBANK-MIDLAND, N.A.
- Location
- MIDLAND, 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.)
- $73M
- Deposits at failure
- $575M
- Assets at failure
- $659M
- 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