The Graveyard › Banks › 1986
Western Bank
Midland, TX · failed September 4, 1986 · FDIC certificate 20616
Western Bank of Midland, TX failed on September 4, 1986. It opened on February 11, 1972, 14 years before. At its last report before that it held $77.4 million in assets and $70.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $96.8 million. The FDIC estimates that the FDIC's insurance fund lost $27.5 million on it.
1984-031986-06
Assets at the end$77.4 millionlast report before September 4, 1986
Deposits at the end$70.6 million
Estimated loss to the fund$27.5 millionFDIC
Largest in the quarterly reports$96.8 millionMarch 31, 1985
Equity to assets2.7%June 30, 1986
Loans not being repaid16.5%noncurrent, June 30, 1986
Return on assets0.45%a year's rate, June 30, 1986
Staff56full time, June 30, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.