WESTSIDE NATIONAL BANK Failed 1988

HOUSTON, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

WESTSIDE NATIONAL BANK of HOUSTON, TX was closed on 1988-05-13. The FDIC was named receiver.

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

Deposits were transferred to COMPASS BANK HOUSTON NA (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1744
FDIC Certificate
23529
FDIC FIN
2817
Bank name
WESTSIDE NATIONAL BANK
Location
HOUSTON, TX
Failure date
1988-05-13
FDIC resolution date
1988-05-13
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$15M
Deposits at failure
$39M
Assets at failure
$32M
Acquiring bank
COMPASS BANK HOUSTON NA (HOUSTON, TX)