The Graveyard › Banks › 1988
First Republicbank-El Paso, N.A.
El Paso, TX · failed July 29, 1988 · FDIC certificate 22118
First Republicbank-El Paso, N.A. of El Paso, TX failed on July 29, 1988. It opened on October 1, 1975, 12 years before. At its last report before that it held $217.7 million in assets and $208.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $248.4 million. The FDIC estimates that the FDIC's insurance fund lost $35.0 million on it.
1984-031988-06
Assets at the end$217.7 millionlast report before July 29, 1988
Deposits at the end$208.2 million
Estimated loss to the fund$35.0 millionFDIC
Largest in the quarterly reports$248.4 millionDecember 31, 1987
Equity to assets2.7%June 30, 1988
Loans not being repaid10.9%noncurrent, June 30, 1988
Return on assets-6.85%a year's rate, June 30, 1988
Staff101full 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.