Bank failure · TX

West Houston National Bank (Houston, TX) — failed August 11, 1988

West Houston National Bank of Houston, Texas was closed on August 11, 1988 and resolved through a purchase and assumption. Texas Commerce Bank NA (TX) took over its insured deposits. At failure it held $26.4M in assets and $26.7M in deposits. The FDIC's estimated loss on the failure is $6.7M (25.2% of assets).