WESTERN BANK-WESTHEIMER Failed 1987
What happened
WESTERN BANK-WESTHEIMER of HOUSTON, TX was closed on 1987-10-01. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to CHARTER NB HOUSTON (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1527
- FDIC Certificate
- 17852
- FDIC FIN
- 5908
- Bank name
- WESTERN BANK-WESTHEIMER
- Location
- HOUSTON, TX
- Failure date
- 1987-10-01
- FDIC resolution date
- 1987-10-01
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $96M
- Deposits at failure
- $256M
- Assets at failure
- $261M
- Acquiring bank
- CHARTER NB HOUSTON (HOUSTON, TX)