WESTHEIMER NATIONAL BANK Failed 1993

What happened

WESTHEIMER NATIONAL BANK of HOUSTON, TX was closed on 1993-07-01. The FDIC was named receiver.

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

Deposits were transferred to NATIONSBANK OF TEXAS NA (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3463

FDIC Certificate

24846

FDIC FIN

4586

Bank name

WESTHEIMER NATIONAL BANK

Location

HOUSTON, TX

Failure date

1993-07-01

FDIC resolution date

1993-07-01

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$8M

Deposits at failure

$28M

Assets at failure

$28M

Acquiring bank

NATIONSBANK OF TEXAS NA (DALLAS, TX)