The Graveyard › Banks › 1988
First RepublicBank Paris
Paris, TX · failed July 29, 1988 · FDIC certificate 18932
First RepublicBank Paris of Paris, TX failed on July 29, 1988. It opened on October 31, 1963, 24 years before. At its last report before that it held $79.3 million in assets and $74.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $20.5 million on it.
1984-031988-06
Assets at the end$79.3 millionlast report before July 29, 1988
Deposits at the end$74.1 million
Estimated loss to the fund$20.5 millionFDIC
Largest in the quarterly reports$82.0 millionDecember 31, 1987
Equity to assets5.6%June 30, 1988
Loans not being repaid7.9%noncurrent, June 30, 1988
Return on assets-0.21%a year's rate, June 30, 1988
Staff36full time, June 30, 1988
On the FDIC's list: FIRST REPUBLICBANK-PARIS.
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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.