The Graveyard › Banks › 1988
First RepublicBank Delaware
Newark, DE · failed August 2, 1988 · FDIC certificate 26723
First RepublicBank Delaware of Newark, DE failed on August 2, 1988. It opened on July 24, 1986, 2 years before. At its last report before that it held $582.4 million in assets and $164.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $249,190 on it.
1986-091988-06
Assets at the end$582.4 millionlast report before August 2, 1988
Deposits at the end$164.9 million
Estimated loss to the fund$249,190FDIC
Largest in the quarterly reports$582.4 millionJune 30, 1988
Equity to assets8.7%June 30, 1988
Loans not being repaid1.3%noncurrent, June 30, 1988
Return on assets-1.38%a year's rate, June 30, 1988
Staff18full 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.