The Graveyard › Banks › 1988

First RepublicBank Lufkin

Lufkin, TX · failed July 29, 1988 · FDIC certificate 9018

First RepublicBank Lufkin of Lufkin, TX failed on July 29, 1988. It opened on November 26, 1926, 61 years before. At its last report before that it held $224.9 million in assets and $192.4 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $21.5 million on it.

1984-031988-06

Assets at the end$224.9 millionlast report before July 29, 1988

Deposits at the end$192.4 million

Estimated loss to the fund$21.5 millionFDIC

Largest in the quarterly reports$232.5 millionDecember 31, 1987

Equity to assets5.0%June 30, 1988

Loans not being repaid5.3%noncurrent, June 30, 1988

Return on assets-1.61%a year's rate, June 30, 1988

Staff111full time, June 30, 1988

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

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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.