Bank failure · TX
Westheimer Memorial Bank, NA (Houston, TX) — failed December 7, 1989
Westheimer Memorial Bank, NA of Houston, Texas was closed on December 7, 1989 and resolved through a purchase and assumption. Hibernia National Bank in T (TX) took over its insured deposits. At failure it held $38.9M in assets and $47.7M in deposits. The FDIC's estimated loss on the failure is $20.1M (51.7% of assets).
- Closing date
- December 7, 1989
- FDIC certificate #
- 25674
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank in T
- Insurance fund
- BIF
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