NORTHWEST BANK & TRUST Failed 1988
What happened
NORTHWEST BANK & TRUST of HOUSTON, TX was closed on 1988-06-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NORTHWEST BANK (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1779
- FDIC Certificate
- 20071
- FDIC FIN
- 2834
- Bank name
- NORTHWEST BANK & TRUST
- Location
- HOUSTON, TX
- Failure date
- 1988-06-23
- FDIC resolution date
- 1988-06-23
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $41M
- Deposits at failure
- $93M
- Assets at failure
- $98M
- Acquiring bank
- NORTHWEST BANK (HOUSTON, TX)
Other banks NORTHWEST BANK acquired in FDIC resolutions