The Graveyard › Banks › 1987
Western Bank
El Paso, TX · failed March 12, 1987 · FDIC certificate 20915
Western Bank of El Paso, TX failed on March 12, 1987. It opened on January 2, 1973, 14 years before. At its last report before that it held $46.7 million in assets and $46.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $54.6 million. The FDIC estimates that the FDIC's insurance fund lost $13.5 million on it.
1984-031986-12
Assets at the end$46.7 millionlast report before March 12, 1987
Deposits at the end$46.1 million
Estimated loss to the fund$13.5 millionFDIC
Largest in the quarterly reports$54.6 millionMarch 31, 1986
Equity to assets0.7%December 31, 1986
Loans not being repaid10.6%noncurrent, December 31, 1986
Return on assets-7.82%a year's rate, December 31, 1986
Staff34full time, December 31, 1986
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.