Bank failure · TX
Bank of the West (Austin, TX) — failed March 9, 1989
Bank of the West of Austin, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. The Bank of the West (TX) took over its insured deposits. At failure it held $46.7M in assets and $46.5M in deposits. The FDIC's estimated loss on the failure is $15.8M (33.8% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 25662
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Bank of the West
- Insurance fund
- FDIC
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