The Graveyard › Banks › 1988
Bank of the Northwest
Woodward, OK · failed November 10, 1988 · FDIC certificate 23192
Bank of the Northwest of Woodward, OK failed on November 10, 1988. It opened on September 3, 1980, 8 years before. At its last report before that it held $19.5 million in assets and $18.0 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $4.6 million on it.
1984-031988-09
Assets at the end$19.5 millionlast report before November 10, 1988
Deposits at the end$18.0 million
Estimated loss to the fund$4.6 millionFDIC
Largest in the quarterly reports$19.5 millionSeptember 30, 1988
Equity to assets3.8%September 30, 1988
Loans not being repaid6.6%noncurrent, September 30, 1988
Return on assets-0.47%a year's rate, September 30, 1988
Staff25full time, September 30, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.