Data / Bank failures / 1988 / First Republicbank Delaware
First Republicbank Delaware, Newark, DE: failed August 2, 1988
First Republicbank Delaware in Newark, Delaware, failed on August 2, 1988. Citibank Delaware of New Castle, DE, took over its deposits. It held $582.4 million in assets and $164.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $249,190 (0% of its assets). By assets it was the 42nd largest of 470 banks closed or assisted in 1988.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- August 2, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citibank Delaware, New Castle, DE
- Total assets
- $582,350,000
- Total deposits
- $164,867,000
- Estimated cost to the FDIC
- $249,190 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 26723
All bank failures in 1988 · All bank failures in Delaware · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.