BANK OF THE NORTHWEST Failed 1984
What happened
BANK OF THE NORTHWEST of EUGENE, OR was closed on 1984-08-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST INTERSTATE BK OF O (PORTLAND, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 911
- FDIC Certificate
- 22485
- FDIC FIN
- 2412
- Bank name
- BANK OF THE NORTHWEST
- Location
- EUGENE, OR
- Failure date
- 1984-08-31
- FDIC resolution date
- 1984-08-31
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $20M
- Assets at failure
- $22M
- Acquiring bank
- FIRST INTERSTATE BK OF O (PORTLAND, OR)
Other banks FIRST INTERSTATE BK OF O acquired in FDIC resolutions