The Graveyard › Banks › 1988

First RepublicBank Forney

Forney, TX · failed July 29, 1988 · FDIC certificate 1188

First RepublicBank Forney of Forney, TX failed on July 29, 1988. It opened in 1915, 73 years before. At its last report before that it held $54.6 million in assets and $50.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $57.5 million. The FDIC estimates that the FDIC's insurance fund lost $16.4 million on it.

1984-031988-06

Assets at the end$54.6 millionlast report before July 29, 1988

Deposits at the end$50.9 million

Estimated loss to the fund$16.4 millionFDIC

Largest in the quarterly reports$57.5 millionMarch 31, 1988

Equity to assets5.8%June 30, 1988

Loans not being repaid0.0%noncurrent, June 30, 1988

Return on assets0.13%a year's rate, June 30, 1988

Staff14full time, June 30, 1988

On the FDIC's list: FIRST REPUBLICBANK-FORNEY.

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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.