# NORTHWEST BANK

> **Failed bank** · WHITE SETTLEMENT, TX · failed 1985-05-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $12M

## What happened

NORTHWEST BANK of WHITE SETTLEMENT, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $51M
- **Assets at failure:** $54M
- **Acquiring bank:** LANDMARK BANK-NORTHWEST (WHITE SETTLEMENT, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NORTHWEST BANK (FDIC ID 995), failed 1985-05-23. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/995.

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