WESTERN BANK-WESTWOOD, N.A. Failed 1987
What happened
WESTERN BANK-WESTWOOD, N.A. of HOUSTON, TX was closed on 1987-10-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS COMMERCE BANK NA (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1529
- FDIC Certificate
- 24066
- FDIC FIN
- 2736
- Bank name
- WESTERN BANK-WESTWOOD, N.A.
- Location
- HOUSTON, TX
- Failure date
- 1987-10-01
- FDIC resolution date
- 1987-10-01
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $12M
- Deposits at failure
- $43M
- Assets at failure
- $44M
- Acquiring bank
- TEXAS COMMERCE BANK NA (HOUSTON, TX)
Other banks TEXAS COMMERCE BANK NA acquired in FDIC resolutions