The Graveyard › Banks › 1989
Bank of the West
Austin, TX · failed March 9, 1989 · FDIC certificate 25662
Bank of the West of Austin, TX failed on March 9, 1989. It opened on September 7, 1984, 4 years before. At its last report before that it held $46.7 million in assets and $46.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $69.9 million. The FDIC estimates that the FDIC's insurance fund lost $15.8 million on it.
1984-091988-12
Assets at the end$46.7 millionlast report before March 9, 1989
Deposits at the end$46.5 million
Estimated loss to the fund$15.8 millionFDIC
Largest in the quarterly reports$69.9 millionDecember 31, 1985
Equity to assets-0.3%December 31, 1988
Loans not being repaid34.4%noncurrent, December 31, 1988
Return on assets-1.94%a year's rate, December 31, 1988
Staff33full time, December 31, 1988
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
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.