WESTERN BANK Failed 1986

MIDLAND, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

WESTERN BANK of MIDLAND, TX was closed on 1986-09-04. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to UNITED BANK NATIONAL ASS (MIDLAND, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1271
FDIC Certificate
20616
FDIC FIN
2596
Bank name
WESTERN BANK
Location
MIDLAND, TX
Failure date
1986-09-04
FDIC resolution date
1986-09-04
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$27M
Deposits at failure
$71M
Assets at failure
$77M
Acquiring bank
UNITED BANK NATIONAL ASS (MIDLAND, TX)