Bank failure · TX

Bank of Odessa (Odessa, TX) — failed July 26, 1990

Bank of Odessa of Odessa, Texas was closed on July 26, 1990 and resolved through a purchase and assumption. Western National Bank (TX) took over its insured deposits. At failure it held $14.4M in assets and $14.7M in deposits. The FDIC's estimated loss on the failure is $3.9M (27.1% of assets).