Bank failure · TX
Westpoint National Bank (San Antonio, TX) — failed February 16, 1989
Westpoint National Bank of San Antonio, Texas was closed on February 16, 1989 and resolved through a purchase and assumption. The Frost National Bank of (TX) took over its insured deposits. At failure it held $8.3M in assets and $11.0M in deposits. The FDIC's estimated loss on the failure is $5.8M (70.5% of assets).
- Closing date
- February 16, 1989
- FDIC certificate #
- 25812
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Frost National Bank of
- Insurance fund
- FDIC
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