The Graveyard › Banks › 1987
Western Bank-Westheimer
Houston, TX · failed October 1, 1987 · FDIC certificate 17852
Western Bank-Westheimer of Houston, TX failed on October 1, 1987. It opened on April 11, 1958, 29 years before. At its last report before that it held $260.6 million in assets and $256.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $434.2 million. The FDIC estimates that the FDIC's insurance fund lost $96.3 million on it.
1984-031987-06
Assets at the end$260.6 millionlast report before October 1, 1987
Deposits at the end$256.1 million
Estimated loss to the fund$96.3 millionFDIC
Largest in the quarterly reports$434.2 millionDecember 31, 1985
Equity to assets-14.5%June 30, 1987
Loans not being repaid35.3%noncurrent, June 30, 1987
Return on assets-15.93%a year's rate, June 30, 1987
Staff120full time, June 30, 1987
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.