The Graveyard › Banks › 1989
West Belt National Bank
Houston, TX · failed January 12, 1989 · FDIC certificate 24297
West Belt National Bank of Houston, TX failed on January 12, 1989. It opened on January 3, 1983, 6 years before. At its last report before that it held $26.1 million in assets and $30.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $62.7 million. The FDIC estimates that the FDIC's insurance fund lost $10.8 million on it.
1984-031988-09
Assets at the end$26.1 millionlast report before January 12, 1989
Deposits at the end$30.2 million
Estimated loss to the fund$10.8 millionFDIC
Largest in the quarterly reports$62.7 millionMarch 31, 1986
Equity to assets-17.0%September 30, 1988
Loans not being repaid10.6%noncurrent, September 30, 1988
Return on assets-20.57%a year's rate, September 30, 1988
Staff15full time, September 30, 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.