The Graveyard › Banks › 1988
First Republicbank-Mineral Wells
Mineral Wells, TX · failed July 29, 1988 · FDIC certificate 3349
First Republicbank-Mineral Wells of Mineral Wells, TX failed on July 29, 1988. It opened in 1906, 82 years before. At its last report before that it held $174.4 million in assets and $168.3 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $53.1 million on it.
1984-031988-06
Assets at the end$174.4 millionlast report before July 29, 1988
Deposits at the end$168.3 million
Estimated loss to the fund$53.1 millionFDIC
Largest in the quarterly reports$174.4 millionJune 30, 1988
Equity to assets2.9%June 30, 1988
Loans not being repaid15.4%noncurrent, June 30, 1988
Return on assets-1.73%a year's rate, June 30, 1988
Staff63full 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.