The Graveyard › Banks › 1987
Western Bank-Westwood, N.A.
Houston, TX · failed October 1, 1987 · FDIC certificate 24066
Western Bank-Westwood, N.A. of Houston, TX failed on October 1, 1987. It opened on September 13, 1982, 5 years before. At its last report before that it held $44.2 million in assets and $42.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $48.2 million. The FDIC estimates that the FDIC's insurance fund lost $11.6 million on it.
1984-031987-06
Assets at the end$44.2 millionlast report before October 1, 1987
Deposits at the end$42.6 million
Estimated loss to the fund$11.6 millionFDIC
Largest in the quarterly reports$48.2 millionMarch 31, 1987
Equity to assets1.5%June 30, 1987
Loans not being repaid11.8%noncurrent, June 30, 1987
Return on assets-0.39%a year's rate, June 30, 1987
Staff13full 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.