The Graveyard › Banks › 1988
First Republicbank-Odessa, N.A.
Odessa, TX · failed July 29, 1988 · FDIC certificate 3369
First Republicbank-Odessa, N.A. of Odessa, TX failed on July 29, 1988. It opened on March 25, 1932, 56 years before. At its last report before that it held $175.0 million in assets and $166.0 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $38.1 million on it.
1984-031988-06
Assets at the end$175.0 millionlast report before July 29, 1988
Deposits at the end$166.0 million
Estimated loss to the fund$38.1 millionFDIC
Equity to assets2.9%June 30, 1988
Loans not being repaid25.8%noncurrent, June 30, 1988
Return on assets-3.20%a year's rate, June 30, 1988
Staff88full 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.