# BANCFIRST-WESTLAKE, N.A.

> **Failed bank** · AUSTIN, TX · failed 1988-08-25 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

BANCFIRST-WESTLAKE, N.A. of AUSTIN, TX was closed by the OCC on **1988-08-25**. The FDIC was named receiver.

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

Deposits were transferred to **UNION NATIONAL BANK OF T** (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1879
- **FDIC Certificate:** 25143
- **FDIC FIN:** 2897
- **Bank name:** BANCFIRST-WESTLAKE, N.A.
- **Location:** AUSTIN, TX
- **Failure date:** 1988-08-25
- **FDIC resolution date:** 1988-08-25
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $16M
- **Assets at failure:** $15M
- **Acquiring bank:** UNION NATIONAL BANK OF T (AUSTIN, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANCFIRST-WESTLAKE%2C%20N.A.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANCFIRST-WESTLAKE, N.A. (FDIC ID 1879), failed 1988-08-25. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1879.

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