First RepublicBank Corp., a big Dallas bank...
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First RepublicBank Corp., a big Dallas bank stung by the fall in real estate prices in Texas, said it will conduct a series of auctions to sell about 750 foreclosed residential properties that carry a book value of $75 million. The bank had a total of $3.41 billion in non-performing loans at year end, according to Federal Home Loan Bank Board figures. Residential loans represent about 7% of its loan portfolio.
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