Bank failure · TX

Westside National Bank (Houston, TX) — failed May 13, 1988

Westside National Bank of Houston, Texas was closed on May 13, 1988 and resolved through a purchase and assumption. Compass Bank Houston NA (TX) took over its insured deposits. At failure it held $32.2M in assets and $38.7M in deposits. The FDIC's estimated loss on the failure is $15.4M (47.8% of assets).