Bank failure · TX

Western Bank (Midland, TX) — failed September 4, 1986

Western Bank of Midland, Texas was closed on September 4, 1986 and resolved through a purchase and assumption. United Bank National Ass (TX) took over its insured deposits. At failure it held $77.4M in assets and $70.6M in deposits. The FDIC's estimated loss on the failure is $27.5M (35.5% of assets).