Bank failure · TX

Bancfirst-Westlake, N.A. (Austin, TX) — failed August 25, 1988

Bancfirst-Westlake, N.A. of Austin, Texas was closed on August 25, 1988 and resolved through a purchase and assumption. Union National Bank of T (TX) took over its insured deposits. At failure it held $15.0M in assets and $16.3M in deposits. The FDIC's estimated loss on the failure is $5.0M (33.7% of assets).