# BANK OF THE NORTHWEST

> **Failed bank** · WOODWARD, OK · failed 1988-11-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

BANK OF THE NORTHWEST of WOODWARD, OK was closed by regulators on **1988-11-10**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **BANK OF WOODWARD** (WOODWARD, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1979
- **FDIC Certificate:** 23192
- **FDIC FIN:** 5952
- **Bank name:** BANK OF THE NORTHWEST
- **Location:** WOODWARD, OK
- **Failure date:** 1988-11-10
- **FDIC resolution date:** 1988-11-10
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $18M
- **Assets at failure:** $20M
- **Acquiring bank:** BANK OF WOODWARD (WOODWARD, OK)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF THE NORTHWEST (FDIC ID 1979), failed 1988-11-10. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1979.

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