The Graveyard › Banks › 1988
First RepublicBank Clifton
Clifton, TX · failed July 29, 1988 · FDIC certificate 1181
First RepublicBank Clifton of Clifton, TX failed on July 29, 1988. It opened in 1907, 81 years before. At its last report before that it held $82.3 million in assets and $76.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $23.0 million on it.
1984-031988-06
Assets at the end$82.3 millionlast report before July 29, 1988
Deposits at the end$76.9 million
Estimated loss to the fund$23.0 millionFDIC
Largest in the quarterly reports$85.3 millionMarch 31, 1988
Equity to assets5.5%June 30, 1988
Loans not being repaid7.2%noncurrent, June 30, 1988
Return on assets-0.87%a year's rate, June 30, 1988
Staff26full time, June 30, 1988
On the FDIC's list: FIRST REPUBLICBANK-CLIFTON.
Take today's blind testAlso ended in 1988
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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.