NORTHWEST BANK Failed 1985

WHITE SETTLEMENT, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

NORTHWEST BANK of WHITE SETTLEMENT, TX was closed on 1985-05-23. The FDIC was named receiver.

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

Deposits were transferred to LANDMARK BANK-NORTHWEST (WHITE SETTLEMENT, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
995
FDIC Certificate
19076
FDIC FIN
2465
Bank name
NORTHWEST BANK
Location
WHITE SETTLEMENT, TX
Failure date
1985-05-23
FDIC resolution date
1985-05-23
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.)
$12M
Deposits at failure
$51M
Assets at failure
$54M
Acquiring bank
LANDMARK BANK-NORTHWEST (WHITE SETTLEMENT, TX)