NORTHWEST BANK Failed 1988
What happened
NORTHWEST BANK of DALLAS, TX was closed on 1988-01-21. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to AMERICAN BANK OF HALTOM (HALTOM CITY, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1604
- FDIC Certificate
- 15867
- FDIC FIN
- 5923
- Bank name
- NORTHWEST BANK
- Location
- DALLAS, TX
- Failure date
- 1988-01-21
- FDIC resolution date
- 1988-01-21
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $25M
- Deposits at failure
- $53M
- Assets at failure
- $58M
- Acquiring bank
- AMERICAN BANK OF HALTOM (HALTOM CITY, TX)