The Graveyard › Banks › 1988
Northwest Bank
Dallas, TX · failed January 21, 1988 · FDIC certificate 15867
Northwest Bank of Dallas, TX failed on January 21, 1988. It opened on March 18, 1918, 69 years before. At its last report before that it held $58.4 million in assets and $53.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $24.6 million on it.
1984-031987-09
Assets at the end$58.4 millionlast report before January 21, 1988
Deposits at the end$53.1 million
Estimated loss to the fund$24.6 millionFDIC
Largest in the quarterly reports$58.4 millionSeptember 30, 1987
Equity to assets8.2%September 30, 1987
Loans not being repaid12.7%noncurrent, September 30, 1987
Return on assets-1.11%a year's rate, September 30, 1987
Staff34full time, September 30, 1987
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.