WEST BELT NATIONAL BANK Failed 1989

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

What happened

WEST BELT NATIONAL BANK of HOUSTON, TX was closed on 1989-01-12. The FDIC was named receiver.

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

Deposits were transferred to DEPOSIT GURANTY BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2070
FDIC Certificate
24297
FDIC FIN
2954
Bank name
WEST BELT NATIONAL BANK
Location
HOUSTON, TX
Failure date
1989-01-12
FDIC resolution date
1989-01-12
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$11M
Deposits at failure
$30M
Assets at failure
$26M
Acquiring bank
DEPOSIT GURANTY BANK (DALLAS, TX)