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BUSINESS
June 8, 1987
Dallas-based RepublicBank and InterFirst Corp. merged into a new entity named First RepublicBank Corp. First RepublicBank, with about $35 billion in assets, will be the 12th-largest bank holding company in the United States and the largest in the Southwest. Begining today, First RepublicBank's common stock will trade on the New York Stock Exchange under the ticker symbol FRB.
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BUSINESS
July 26, 1991 | From Times Staff and Wire Reports
Ex-Officers of First RepublicBank Sued: Federal regulators filed a lawsuit against former directors and officers of failed First RepublicBank Corp. of Dallas, seeking at least $100 million for their involvement in the nation's largest bank failure. The suit names 39 former directors of First Republic and one of its two predecessor institutions, RepublicBank Corp. The suit says the directors and officers "wrongfully and negligently failed to exercise that degree of care and diligence required."
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BUSINESS
July 26, 1991 | From Times Staff and Wire Reports
Ex-Officers of First RepublicBank Sued: Federal regulators filed a lawsuit against former directors and officers of failed First RepublicBank Corp. of Dallas, seeking at least $100 million for their involvement in the nation's largest bank failure. The suit names 39 former directors of First Republic and one of its two predecessor institutions, RepublicBank Corp. The suit says the directors and officers "wrongfully and negligently failed to exercise that degree of care and diligence required."
BUSINESS
June 14, 1991 | From Staff and Wire Reports
The Securities and Exchange Commission said Thursday that it filed suit against Ernst & Young, one of the nation's top accounting firms, saying it helped two clients file false and misleading financial reports. The SEC accused the accountants of not acting as independently as auditors should because of certain loans, real estate partnerships and other financial arrangements between the clients and some partners in the accounting firm.
BUSINESS
June 14, 1991 | From Staff and Wire Reports
The Securities and Exchange Commission said Thursday that it filed suit against Ernst & Young, one of the nation's top accounting firms, saying it helped two clients file false and misleading financial reports. The SEC accused the accountants of not acting as independently as auditors should because of certain loans, real estate partnerships and other financial arrangements between the clients and some partners in the accounting firm.
BUSINESS
June 29, 1988 | From Reuters
Citicorp, the nation's largest bank holding company, emerged Tuesday as a possible suitor for First RepublicBank Corp., the Texas institution troubled by bad real estate loans. But First Republic Chairman Albert V. Casey offered shareholders few details about Citicorp's intentions at the company's annual meeting, although he told them to brace themselves for another big loss in the second quarter.
BUSINESS
April 8, 1987
Texas' largest bank holding company joined a growing list of American banking firms that have placed their loans to Brazil on non-accrual status because of Brazil's suspension of interest payments. The move reduces RepublicBank's first-quarter profit by $2.8 million and will cut the company's full-year profit by $11 million if interest payments do not resume by year-end. The banking firm also said it expects first-quarter net income to be about $10.4 million, down from $23.
BUSINESS
December 2, 1987
Ronald G. Steinhart has announced his resignation as vice chairman of First RepublicBank Corp., effective Dec. 31. He said he would pursue other interests. Steinhart, 47, became vice chairman in June when First RepublicBank was formed from the merger of RepublicBank Corp. and InterFirst Corp. He had been Interfirst's president and chief operating officer. First RepublicBank Corp., based in Dallas, is the largest banking organization headquartered in the Southwest.
BUSINESS
June 29, 1988 | From Reuters
Citicorp, the nation's largest bank holding company, emerged Tuesday as a possible suitor for First RepublicBank Corp., the Texas institution troubled by bad real estate loans. But First Republic Chairman Albert V. Casey offered shareholders few details about Citicorp's intentions at the company's annual meeting, although he told them to brace themselves for another big loss in the second quarter.
BUSINESS
June 8, 1987
Dallas-based RepublicBank and InterFirst Corp. merged into a new entity named First RepublicBank Corp. First RepublicBank, with about $35 billion in assets, will be the 12th-largest bank holding company in the United States and the largest in the Southwest. Begining today, First RepublicBank's common stock will trade on the New York Stock Exchange under the ticker symbol FRB.
BUSINESS
April 8, 1987
Texas' largest bank holding company joined a growing list of American banking firms that have placed their loans to Brazil on non-accrual status because of Brazil's suspension of interest payments. The move reduces RepublicBank's first-quarter profit by $2.8 million and will cut the company's full-year profit by $11 million if interest payments do not resume by year-end. The banking firm also said it expects first-quarter net income to be about $10.4 million, down from $23.
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