WESTPOINT NATIONAL BANK Failed 1989
What happened
WESTPOINT NATIONAL BANK of SAN ANTONIO, TX was closed on 1989-02-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE FROST NATIONAL BANK OF (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2106
- FDIC Certificate
- 25812
- FDIC FIN
- 2969
- Bank name
- WESTPOINT NATIONAL BANK
- Location
- SAN ANTONIO, TX
- Failure date
- 1989-02-16
- FDIC resolution date
- 1989-02-16
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $11M
- Assets at failure
- $8M
- Acquiring bank
- THE FROST NATIONAL BANK OF (SAN ANTONIO, TX)
Other banks THE FROST NATIONAL BANK OF acquired in FDIC resolutions