Bank failure · TX
West Belt National Bank (Houston, TX) — failed January 12, 1989
West Belt National Bank of Houston, Texas was closed on January 12, 1989 and resolved through a purchase and assumption. Deposit Guranty Bank (TX) took over its insured deposits. At failure it held $26.1M in assets and $30.2M in deposits. The FDIC's estimated loss on the failure is $10.8M (41.4% of assets).
- Closing date
- January 12, 1989
- FDIC certificate #
- 24297
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Deposit Guranty Bank
- Insurance fund
- FDIC
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