The Graveyard › Banks › 1988
First Republicbank-Dallas, N.A.
Dallas, TX · failed July 29, 1988 · FDIC certificate 3165
First Republicbank-Dallas, N.A. of Dallas, TX failed on July 29, 1988. It opened in 1920, 68 years before. At its last report before that it held $17.1 billion in assets and $7.7 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $20.0 billion. The FDIC estimates that the FDIC's insurance fund lost $2.0 billion on it.
1984-031988-06
Assets at the end$17.1 billionlast report before July 29, 1988
Deposits at the end$7.7 billion
Estimated loss to the fund$2.0 billionFDIC
Largest in the quarterly reports$20.0 billionJune 30, 1987
Equity to assets-5.5%June 30, 1988
Loans not being repaid22.5%noncurrent, June 30, 1988
Return on assets-16.11%a year's rate, June 30, 1988
Staff4,298full time, June 30, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- 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
- Columbia Fs&La · Englewood · $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.