The Graveyard › Banks › 1988
Republic National Bank
Norman, OK · failed June 30, 1988 · FDIC certificate 25816
Republic National Bank of Norman, OK failed on June 30, 1988. It opened on December 5, 1984, 3 years before. At its last report before that it held $24.3 million in assets and $26.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $32.6 million. The FDIC estimates that the FDIC's insurance fund lost $7.7 million on it.
1984-121988-03
Assets at the end$24.3 millionlast report before June 30, 1988
Deposits at the end$26.5 million
Estimated loss to the fund$7.7 millionFDIC
Largest in the quarterly reports$32.6 millionSeptember 30, 1986
Equity to assets-9.9%March 31, 1988
Loans not being repaid21.5%noncurrent, March 31, 1988
Return on assets-37.55%a year's rate, March 31, 1988
Staff15full time, March 31, 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.