NORTHWEST NATIONAL BANK Failed 1991

What happened

NORTHWEST NATIONAL BANK of FAYETTEVILLE, AR was closed on 1991-08-16. The FDIC was named receiver.

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

Deposits were transferred to CITIZENS BANK OF NORTHWEST (FAYETTEVILLE, AR). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3162

FDIC Certificate

22016

FDIC FIN

4387

Bank name

NORTHWEST NATIONAL BANK

Location

FAYETTEVILLE, AR

Failure date

1991-08-16

FDIC resolution date

1991-08-16

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

$30M

Assets at failure

$29M

Acquiring bank

CITIZENS BANK OF NORTHWEST (FAYETTEVILLE, AR)