Bank of the West
Austin, TX · Owner: Westbanc Bancshares Inc
$46.7M
total assets, December 31, 1988
$46.7M
total assets, December 31, 1988
Bank of the West was a state nonmember bank in Austin, TX, owned by Westbanc Bancshares Inc. It failed on Mar 9, 1989, and The Bank Of The West took over its deposits. At its last report it held $46.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Mar 9, 1989
- Assets
- $46.7M
- Deposits
- $46.5M
- Estimated cost
- $15.8M
- Deposits went to
- The Bank Of The West, Austin, TX
Total assets
$46.7M
+3.4% in a year · -1.5% in a quarter
Deposits
$46.5M
+5.9% in a year · -0.7% in a quarter
Loans
$34.6M
-7.3% in a year · -4.0% in a quarter
Profit so far
-$921K
Jan 1 to Dec 31, 1988
Capital ratio
-0.31%
-1.99 pts in a year
Return on assets
-1.94%
+0.52 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 608 Castle Ridge Road, Austin, TX, 78764
- County
- Travis
- Holding company
- Westbanc Bancshares Inc
- Established
- Sep 7, 1984
- Failed
- Mar 9, 1989
- Employees
- 33
- Id
- b25662
Quarter by quarter
September 30, 1984 to December 31, 1988
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank of the West?
$46.7 million in total assets and $46.5 million in deposits as of December 31, 1988, with assets up 3.4% from a year before. Its loans were $34.6 million.
Is Bank of the West profitable?
No: it lost $921,000 from January 1 to December 31, 1988. Its return on assets was -1.94% a year; about 1% is typical.
Who owns Bank of the West?
Bank of the West is owned by Westbanc Bancshares Inc, its holding company.
When did Bank of the West fail?
Mar 9, 1989. The Bank Of The West of Austin, TX took over its deposits. The estimated cost of the failure was $15.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.