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