Hindsight Market

The Graveyard › 1999

Western Bancorp

WEBC. · Banks · NASDAQ · in our data June 9, 1997 to November 15, 1999 (2.4 years)

The first trading day in our data for Western Bancorp is June 9, 1997 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on November 15, 1999, the market valued it at $869 million. It left the market without a crash, last trading at $48.50. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1997-061999-11
Peak market value$869 millionNovember 15, 1999
Highest split-adjusted share price$48.50November 15, 1999
Last share price$48.50November 15, 1999
From its split-adjusted high to the end0.0%
Return over the days in our data+70.8%with dividends, before the last trade
Worst single day-13.2%August 31, 1998

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1997.

Could you have seen it coming? Play Dot-com

Also gone in 1999: Banks