The Graveyard › Banks › 1988
Westside National Bank
Houston, TX · failed May 13, 1988 · FDIC certificate 23529
Westside National Bank of Houston, TX failed on May 13, 1988. It opened on August 25, 1981, 6 years before. At its last report before that it held $32.2 million in assets and $38.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $48.8 million. The FDIC estimates that the FDIC's insurance fund lost $15.4 million on it.
1984-031988-03
Assets at the end$32.2 millionlast report before May 13, 1988
Deposits at the end$38.7 million
Estimated loss to the fund$15.4 millionFDIC
Largest in the quarterly reports$48.8 millionMarch 31, 1987
Equity to assets-20.9%March 31, 1988
Loans not being repaid27.1%noncurrent, March 31, 1988
Return on assets-56.04%a year's rate, March 31, 1988
Staff25full time, March 31, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion 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.