# WESTSIDE NATIONAL BANK

> **Failed bank** · HOUSTON, TX · failed 1988-05-13 · National commercial bank (OCC-chartered) · FDIC cost $15M

## What happened

WESTSIDE NATIONAL BANK of HOUSTON, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $39M
- **Assets at failure:** $32M
- **Acquiring bank:** COMPASS BANK HOUSTON NA (HOUSTON, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WESTSIDE%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WESTSIDE NATIONAL BANK (FDIC ID 1744), failed 1988-05-13. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1744.

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