# NORTHWEST BANK & TRUST

> **Failed bank** · HOUSTON, TX · failed 1988-06-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $41M

## What happened

NORTHWEST BANK & TRUST of HOUSTON, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $41M
- **Deposits at failure:** $93M
- **Assets at failure:** $98M
- **Acquiring bank:** NORTHWEST BANK (HOUSTON, TX)

## Other banks NORTHWEST BANK has acquired in FDIC resolutions

- CHAMPIONS POINT NATIONAL BANK (HOUSTON, TX) — failed 1990-04-05 — /failed-bank/2721

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NORTHWEST%20BANK%20%26%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NORTHWEST BANK & TRUST (FDIC ID 1779), failed 1988-06-23. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1779.

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