# NORTHWEST FS&LA

> **Failed bank** · SPENCER, IA · failed 1988-12-30 · SL · FDIC cost $67M

## What happened

NORTHWEST FS&LA of SPENCER, IA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $67M
- **Deposits at failure:** $145M
- **Assets at failure:** $129M
- **Acquiring bank:** NORTHWEST FSB (SPENCER, IA)

## Other banks NORTHWEST FSB has acquired in FDIC resolutions

- HOME FS&LA (SPENCER, IA) — failed 1988-12-30 — /failed-bank/2061

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NORTHWEST FS&LA (FDIC ID 2057), failed 1988-12-30. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/failed-bank/2057.

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