# BANK OF ODESSA

> **Failed bank** · ODESSA, TX · failed 1990-07-26 · State commercial bank, Federal Reserve member · FDIC cost $4M

## What happened

BANK OF ODESSA of ODESSA, TX was closed by state regulators on **1990-07-26**. The FDIC was named receiver.

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

Deposits were transferred to **WESTERN NATIONAL BANK** (ODESSA, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2855
- **FDIC Certificate:** 24410
- **FDIC FIN:** 4250
- **Bank name:** BANK OF ODESSA
- **Location:** ODESSA, TX
- **Failure date:** 1990-07-26
- **FDIC resolution date:** 1990-07-26
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $15M
- **Assets at failure:** $14M
- **Acquiring bank:** WESTERN NATIONAL BANK (ODESSA, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF ODESSA (FDIC ID 2855), failed 1990-07-26. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2855.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*