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Word: republicbank (lookup in dictionary) (lookup stats)
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...Texas, troubled banks are becoming almost as common as tumbleweed. Last week Dallas-based First RepublicBank, the state's largest bank holding company (assets: $33.2 billion), skidded to the brink of failure and was forced to go, ten-gallon hat in hand, to the U.S. Government. Within two days the Federal Deposit Insurance Corporation advanced $1 billion to keep First RepublicBank's 73-member banks in business. At the same time, Houston's ailing First City Bancorp, the fourth largest banking company in the state, reported that its plan for returning to financial health was in jeopardy. The problems encountered...

Author: /time Magazine | Title: Buddy, Can You Spare a Billion? | 3/28/1988 | See Source »

When Placid Oil filed for Chapter 11 protection two weeks ago, the company listed debts of $979.3 million against assets of $2.05 billion. The move was a last-resort effort to prevent the company's 23 lenders, including Houston's Texas Commerce Bank and RepublicBank of Dallas, from foreclosing on such Hunt assets as oil and gas leases and real estate. Thus the banks and the Hunts are now battling for control of the family's remaining wealth...

Author: /time Magazine | Title: Down to Their Last Billion? | 9/15/1986 | See Source »

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