The Graveyard › Banks › 1988
First Republicbank-Richmond, N.A
Richmond, TX · failed July 29, 1988 · FDIC certificate 3408
First Republicbank-Richmond, N.A of Richmond, TX failed on July 29, 1988. It opened in 1913, 75 years before. At its last report before that it held $99.9 million in assets and $92.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $115.2 million. The FDIC estimates that the FDIC's insurance fund lost $29.3 million on it.
1984-031988-06
Assets at the end$99.9 millionlast report before July 29, 1988
Deposits at the end$92.5 million
Estimated loss to the fund$29.3 millionFDIC
Largest in the quarterly reports$115.2 millionMarch 31, 1987
Equity to assets6.6%June 30, 1988
Loans not being repaid2.6%noncurrent, June 30, 1988
Return on assets0.53%a year's rate, June 30, 1988
Staff26full 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.