Bank failures of 1980s-1990s

 

 

       Institution                 Location                     Date                               Assets                      Estimated Loss

                                                                                                        ($ Billions)                 ($ Billion)

 

First Republic

 

Dallas

 

1988

 

33.4

 

3.7

 

Continental Illinois

 

Chicago

 

1984

 

33.0

 

1.0

 

Bank of New England

 

Boston

 

1991

 

21.8

 

1.4

 

MCorp

 

Dallas

 

1989

 

15.7

 

3.0

 

First City Bankcorp

 

Houston

 

1988

 

11.2

 

1.1

 

Southeast Bank

 

Miami

 

1991

 

10.9

 

NA

 

First City Bancorp

 

Houston

 

1992

 

8.8

 

0.1

 

Texas American

 

Fort Worth

 

1989

 

4.8

 

1.1

 

Source: FDIC