The Graveyard › Banks › 1987

BancTEXAS Westheimer

Houston · assisted July 17, 1987 · FDIC certificate 20131

BancTEXAS Westheimer of Houston was given assistance by the FDIC on July 17, 1987. The FDIC's list records an assistance transaction, not a closing. It opened on February 2, 1970, 17 years before. At its last report before that it held $34.1 million in assets and $42.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $139.8 million. The FDIC estimates that the FDIC's insurance fund lost $6.6 million on it.

1984-031987-03

Assets at the end$34.1 millionlast report before July 17, 1987

Deposits at the end$42.5 million

Estimated loss to the fund$6.6 millionFDIC

Largest in the quarterly reports$139.8 millionSeptember 30, 1984

Equity to assets-32.8%March 31, 1987

Loans not being repaid16.3%noncurrent, March 31, 1987

Return on assets-20.67%a year's rate, March 31, 1987

Staff22full time, March 31, 1987

Could you have seen it coming? Play Black Monday

Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.