The Graveyard › Banks › 1988
First Republicbank-Midland, N.A.
Midland, TX · failed July 29, 1988 · FDIC certificate 24782
First Republicbank-Midland, N.A. of Midland, TX failed on July 29, 1988. It opened on October 14, 1983, 4 years before. At its last report before that it held $659.4 million in assets and $574.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $883.0 million. The FDIC estimates that the FDIC's insurance fund lost $72.7 million on it.
1984-031988-06
Assets at the end$659.4 millionlast report before July 29, 1988
Deposits at the end$574.5 million
Estimated loss to the fund$72.7 millionFDIC
Largest in the quarterly reports$883.0 millionMarch 31, 1986
Equity to assets9.1%June 30, 1988
Loans not being repaid16.3%noncurrent, June 30, 1988
Return on assets-1.69%a year's rate, June 30, 1988
Staff190full 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.