NORTHWEST FS&LA Failed 1988
What happened
NORTHWEST FS&LA of SPENCER, IA was closed on 1988-12-30. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to NORTHWEST FSB (SPENCER, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2057
- FDIC Certificate
- 29610
- FDIC FIN
- 1779
- Bank name
- NORTHWEST FS&LA
- Location
- SPENCER, IA
- Failure date
- 1988-12-30
- FDIC resolution date
- 1988-12-30
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $67M
- Deposits at failure
- $145M
- Assets at failure
- $129M
- Acquiring bank
- NORTHWEST FSB (SPENCER, IA)
Other banks NORTHWEST FSB acquired in FDIC resolutions