NORTHWEST BANK, NATIONAL ASSOCIATION Failed 1991

What happened

NORTHWEST BANK, NATIONAL ASSOCIATION of SAN ANTONIO, TX was closed on 1991-06-06. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to VALLEY-HI NATIONAL BANK OF (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3122

FDIC Certificate

25142

FDIC FIN

4364

Bank name

NORTHWEST BANK, NATIONAL ASSOCIATION

Location

SAN ANTONIO, TX

Failure date

1991-06-06

FDIC resolution date

1991-06-06

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$1M

Deposits at failure

$7M

Assets at failure

$7M

Acquiring bank

VALLEY-HI NATIONAL BANK OF (SAN ANTONIO, TX)