Bank Failure
REPUBLIC OF TEXAS SA
Closed January 15, 1982 · HOUSTON, TX · FDIC Cert #30777.
- Closing date
- January 15, 1982
- Headquarters
- HOUSTON, TX
- FDIC Certificate
- 30777
- Total assets at closing
- $257,629,000
- Total deposits at closing
- $188,342,000
- Estimated loss to DIF
- $63,718,000
- Resolution type
- other
- Acquirer
- HOME SA OF AMERICA (FDIC Cert #1620)
Context
On January 15, 1982, regulators closed REPUBLIC OF TEXAS SA, headquartered in HOUSTON, TX. At closing, the institution held approximately $257,629,000 in assets and $188,342,000 in deposits. The FDIC arranged a resolution under which HOME SA OF AMERICA acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $63,718,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1982
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1982-12-20 | SOUTH EAST FS&LA | LOUISVILLE, KY | $132,146,000 |
| 1982-12-20 | PEACHTREE FS&LA | ATLANTA, GA | $104,979,000 |
| 1982-12-20 | FIRST HOME FS&LA | OWENSBORO, KY | $83,632,000 |
| 1982-12-20 | GARFIELD FS&LA | POTTSTOWN, PA | $70,419,000 |
| 1982-12-20 | MID-CITY FS&LA | NORTH WALES, PA | $47,779,000 |
| 1982-12-20 | SECURITY FS&LA | MAYFIELD, KY | $45,862,000 |
| 1982-12-20 | FIRST FS&LA OF CRISP COUNTY | CORDELE, GA | $44,595,000 |
| 1982-12-20 | CLAY COUNTY FS&LA | WEST POINT, MS | $14,082,000 |
Explore: all failures · TX bank events · 1982 events · events hub