Data / Bank failures / 1988 / First Republicbank- Austin, N.A.
First Republicbank- Austin, N.A., Austin, TX: failed July 29, 1988
First Republicbank- Austin, N.A. in Austin, Texas, failed on July 29, 1988. NCNB Texas National Bank of Dallas, TX, took over its deposits. It held $1.69 billion in assets and $1.31 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $45.9 million (2.7% of its assets). By assets it was the 15th largest of 470 banks closed or assisted in 1988.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- July 29, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- NCNB Texas National Bank, Dallas, TX
- Total assets
- $1,688,329,000
- Total deposits
- $1,314,891,000
- Estimated cost to the FDIC
- $45,902,567 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 3084
Other bank failures in Texas, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Peoples State Bank | Dallas | December 14, 1990 | $30.3 million | $30.6 million | $6.3 million | Comerica Bank - Texas |
| The State Bank of Omaha | Omaha | December 14, 1990 | $20.5 million | $20.6 million | $5.3 million | The First National Bank of |
| Washington County State Bank | Brenham | December 13, 1990 | $77.7 million | $77.5 million | $9.4 million | Channelview Bank |
| Andrews Savings & Loan Assoc. | Andrews | December 7, 1990 | $126.1 million | $109.7 million | $11 million | |
| First National Bank of Rowlett | Rowlett | December 7, 1990 | $20.5 million | $21.4 million | $6.5 million | U.S. Trust Company of Texas |
| Heights Bank | Harker Heights | December 7, 1990 | $28.8 million | $27 million | $4.7 million | Heights State Bank |
| First Southwest FS & La | Tyler | November 30, 1990 | $51.2 million | $45.3 million | $4.9 million | Citizens Bank |
| Atascosa Sa | Jourdanton | November 30, 1990 | $34.7 million | $32.9 million | $7.1 million |
Other failed banks NCNB Texas National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| NBC Bank-Kerrville, National Assoc | Kerrville | TX | June 1, 1990 | $26 million | $30.8 million | $4.2 million | NCNB Texas National Bank |
| NBC Bank-Austin, National Assoc | Austin | TX | June 1, 1990 | $33.8 million | $41.8 million | $5.8 million | NCNB Texas National Bank |
| NBC Bank-Houston, National Assoc | Houston | TX | June 1, 1990 | $186.2 million | $284.6 million | $116 million | NCNB Texas National Bank |
| NBC Bank-Uvalde, National Assoc | Uvalde | TX | June 1, 1990 | $35.1 million | $36.2 million | NCNB Texas National Bank | |
| NBC Bank-Boerne, National Assoc | Boerne | TX | June 1, 1990 | $53.8 million | $57.1 million | $295,874 | NCNB Texas National Bank |
| NBC Bank-Rio Grande Valley, NA | Mission | TX | June 1, 1990 | $138.7 million | $135.2 million | NCNB Texas National Bank | |
| NBC Bank-Seguin, National Assoc | Seguin | TX | June 1, 1990 | $63.8 million | $68.3 million | $5.6 million | NCNB Texas National Bank |
| NBC Bank-San Antonio, National Assoc | San Antonio | TX | June 1, 1990 | $938.2 million | $877.6 million | $66.1 million | NCNB Texas National Bank |
All bank failures in 1988 · All bank failures in Texas · Every failed bank NCNB Texas National Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.