The Graveyard › Banks › 1988
First RepublicBank Jefferson County
Beaumont, TX · failed July 29, 1988 · FDIC certificate 17422
First RepublicBank Jefferson County of Beaumont, TX failed on July 29, 1988. It opened on April 18, 1955, 33 years before. At its last report before that it held $240.7 million in assets and $223.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $46.9 million on it.
1984-031988-06
Assets at the end$240.7 millionlast report before July 29, 1988
Deposits at the end$223.9 million
Estimated loss to the fund$46.9 millionFDIC
Largest in the quarterly reports$241.7 millionMarch 31, 1988
Equity to assets5.7%June 30, 1988
Loans not being repaid2.1%noncurrent, June 30, 1988
Return on assets-0.62%a year's rate, June 30, 1988
Staff118full time, June 30, 1988
On the FDIC's list: FIRST REPUBLICBANK-JEFFERSON COUNTY.
Take today's blind testAlso ended in 1988
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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.