The Graveyard › Banks › 1988
First Republicbank-Wichita Falls
Wichita Falls, TX · failed July 29, 1988 · FDIC certificate 5586
First Republicbank-Wichita Falls of Wichita Falls, TX failed on July 29, 1988. It opened on March 15, 1933, 55 years before. At its last report before that it held $304.2 million in assets and $270.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $416.1 million. The FDIC estimates that the FDIC's insurance fund lost $42.4 million on it.
1984-031988-06
Assets at the end$304.2 millionlast report before July 29, 1988
Deposits at the end$270.7 million
Estimated loss to the fund$42.4 millionFDIC
Largest in the quarterly reports$416.1 millionMarch 31, 1985
Equity to assets7.4%June 30, 1988
Loans not being repaid6.4%noncurrent, June 30, 1988
Return on assets-0.04%a year's rate, June 30, 1988
Staff136full 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.