The Graveyard › Banks › 1988
First Republicbank- Austin, N.A.
Austin, TX · failed July 29, 1988 · FDIC certificate 3084
First Republicbank- Austin, N.A. of Austin, TX failed on July 29, 1988. It opened on May 9, 1890, 98 years before. At its last report before that it held $1.7 billion in assets and $1.3 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $1.9 billion. The FDIC estimates that the FDIC's insurance fund lost $45.9 million on it.
1984-031988-06
Assets at the end$1.7 billionlast report before July 29, 1988
Deposits at the end$1.3 billion
Estimated loss to the fund$45.9 millionFDIC
Largest in the quarterly reports$1.9 billionDecember 31, 1985
Equity to assets-0.9%June 30, 1988
Loans not being repaid23.3%noncurrent, June 30, 1988
Return on assets-14.72%a year's rate, June 30, 1988
Staff742full time, June 30, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.