Bank failure · TX

Westheimer National Bank (Houston, TX) — failed July 1, 1993

Westheimer National Bank of Houston, Texas was closed on July 1, 1993 and resolved through a purchase and assumption. Nationsbank of Texas NA (TX) took over its insured deposits. At failure it held $27.9M in assets and $28.1M in deposits. The FDIC's estimated loss on the failure is $8.2M (29.3% of assets).