Bank failure · TX
Western Bank-Westwood, N.A. (Houston, TX) — failed October 1, 1987
Western Bank-Westwood, N.A. of Houston, Texas was closed on October 1, 1987 and resolved through a purchase and assumption. Texas Commerce Bank NA (TX) took over its insured deposits. At failure it held $44.2M in assets and $42.6M in deposits. The FDIC's estimated loss on the failure is $11.6M (26.3% of assets).
- Closing date
- October 1, 1987
- FDIC certificate #
- 24066
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Texas Commerce Bank NA
- Insurance fund
- FDIC
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