The Graveyard › Banks › 1989
Westpoint National Bank
San Antonio, TX · failed February 16, 1989 · FDIC certificate 25812
Westpoint National Bank of San Antonio, TX failed on February 16, 1989. It opened on December 3, 1984, 4 years before. At its last report before that it held $8.3 million in assets and $11.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $22.5 million. The FDIC estimates that the FDIC's insurance fund lost $5.8 million on it.
1984-121988-12
Assets at the end$8.3 millionlast report before February 16, 1989
Deposits at the end$11.0 million
Estimated loss to the fund$5.8 millionFDIC
Largest in the quarterly reports$22.5 millionMarch 31, 1987
Equity to assets-35.3%December 31, 1988
Loans not being repaid15.6%noncurrent, December 31, 1988
Return on assets-26.94%a year's rate, December 31, 1988
Staff13full time, December 31, 1988
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.