First RepublicBank Delaware
Newark, DE · Owner: First Republicbank Corp
$582M
total assets, June 30, 1988
$582M
total assets, June 30, 1988
First RepublicBank Delaware was a state nonmember bank in Newark, DE, owned by First Republicbank Corp. It failed on Aug 2, 1988, and Citibank Delaware took over its deposits. At its last report it held $582.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Aug 2, 1988
- Assets
- $582M
- Deposits
- $165M
- Estimated cost
- $249K
- Deposits went to
- Citibank Delaware, New Castle, DE
Total assets
$582M
+44.8% in a year · +49.5% in a quarter
Deposits
$165M
+8.1% in a year · +8.5% in a quarter
Loans
$570M
+57.5% in a year · +50.8% in a quarter
Profit so far
-$3.9M
Jan 1 to Jun 30, 1988 · -205.5% in a year
Capital ratio
7.91%
-0.23 pts in a year
Return on assets
-1.38%
-3.24 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 501 White Clay Center Drive, Newark, DE, 19711
- County
- New Castle
- Holding company
- First Republicbank Corp
- Established
- Jul 24, 1986
- Failed
- Aug 2, 1988
- Employees
- 18
- Id
- b26723
Quarter by quarter
September 30, 1986 to June 30, 1988
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First RepublicBank Delaware?
$582.4 million in total assets and $164.9 million in deposits as of June 30, 1988, with assets up 44.8% from a year before. Its loans were $570.3 million.
Is First RepublicBank Delaware profitable?
No: it lost $3.87 million from January 1 to June 30, 1988. Its return on assets was -1.38% a year; about 1% is typical.
Who owns First RepublicBank Delaware?
First RepublicBank Delaware is owned by First Republicbank Corp, its holding company.
When did First RepublicBank Delaware fail?
Aug 2, 1988. Citibank Delaware of New Castle, DE took over its deposits. The estimated cost of the failure was $249,190.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.