The Graveyard › Banks › 1989
Westheimer Memorial Bank, NA
Houston, TX · failed December 7, 1989 · FDIC certificate 25674
Westheimer Memorial Bank, NA of Houston, TX failed on December 7, 1989. It opened on September 17, 1984, 5 years before. At its last report before that it held $38.9 million in assets and $47.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $54.7 million. The FDIC estimates that the Bank Insurance Fund lost $20.1 million on it.
1984-091989-09
Assets at the end$38.9 millionlast report before December 7, 1989
Deposits at the end$47.7 million
Estimated loss to the fund$20.1 millionBIF
Largest in the quarterly reports$54.7 millionMarch 31, 1989
Equity to assets-24.0%September 30, 1989
Loans not being repaid21.6%noncurrent, September 30, 1989
Return on assets-30.68%a year's rate, September 30, 1989
Staff22full time, September 30, 1989
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.