The Graveyard › Banks › 1988
First Republicbank-Galveston, N.A.
Galveston, TX · failed July 29, 1988 · FDIC certificate 3209
First Republicbank-Galveston, N.A. of Galveston, TX failed on July 29, 1988. It opened in 1854, 134 years before. At its last report before that it held $257.2 million in assets and $242.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $328.8 million. The FDIC estimates that the FDIC's insurance fund lost $13.9 million on it.
1984-031988-06
Assets at the end$257.2 millionlast report before July 29, 1988
Deposits at the end$242.6 million
Estimated loss to the fund$13.9 millionFDIC
Largest in the quarterly reports$328.8 millionDecember 31, 1986
Equity to assets3.5%June 30, 1988
Loans not being repaid15.1%noncurrent, June 30, 1988
Return on assets-2.66%a year's rate, June 30, 1988
Staff108full 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.