Bank failure · TX
Western Bank-Westheimer (Houston, TX) — failed October 1, 1987
Western Bank-Westheimer of Houston, Texas was closed on October 1, 1987 and resolved through a insured deposit transfer. Charter Nb Houston (TX) took over its insured deposits. At failure it held $260.6M in assets and $256.1M in deposits. The FDIC's estimated loss on the failure is $96.3M (37.0% of assets).
- Closing date
- October 1, 1987
- FDIC certificate #
- 17852
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Charter Nb Houston
- Insurance fund
- FDIC
Other failures in 1987
- First Fs&la of Slidell LA
- Gibson Federal S&la IL
- First Financial Bank, FSB LA
- American Fs&la VA
- First Fs&la of Alexandria LA
- First Financial of LA LA
- Firstbanc FSB LA
- The Falun State Bank KS
- Community Fs&la OH
- First State Bank at Shoshoni WY
- Usbank TX
- American Bank of Commerce LA
- Bank of Mabank TX
- Boone County Fs&la MO
- Mt. Pleasant S&la TX
- First Interstate Bank of Alaska AK
- Lewis and Clark State Bank OR
- Surety Fs&la NC
- American Bank in Louisiana LA
- Bancfirst-Austin, N.A. TX
- Louisiana Bank & Trust Company LA
- The First National Bank in Rhome TX
- Heritage National Bank TX
- The Farmers National Bank of Cordell OK