# BANK OF THE WEST

> **Failed bank** · AUSTIN, TX · failed 1989-03-09 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $16M

## What happened

BANK OF THE WEST of AUSTIN, TX was closed by regulators on **1989-03-09**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 2174
- **FDIC Certificate:** 25662
- **FDIC FIN:** 2970
- **Bank name:** BANK OF THE WEST
- **Location:** AUSTIN, TX
- **Failure date:** 1989-03-09
- **FDIC resolution date:** 1989-03-09
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $47M
- **Assets at failure:** $47M
- **Acquiring bank:** THE BANK OF THE WEST (AUSTIN, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF THE WEST (FDIC ID 2174), failed 1989-03-09. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2174.

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