Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

December 03, 1987

First RepublicBank Corp. said it expects to lose between $320 million and $350 million in the fourth quarter, due primarily to bad loans in real estate. The company also said it will suspend quarterly common stock dividends until economic conditions improve. It last paid 25 cents a share on Oct. 1. The firm, which became the largest bank holding company in Texas after merging with Dallas-based Interfirst Corp. in June, had assets at the end of the third quarter of $33.6 billion.

Advertisement
Los Angeles Times Articles
|
|
|