Bank failure · OK

Bank of the Northwest (Woodward, OK) — failed November 10, 1988

Bank of the Northwest of Woodward, Oklahoma was closed on November 10, 1988 and resolved through a insured deposit transfer. Bank of Woodward (OK) took over its insured deposits. At failure it held $19.5M in assets and $18.0M in deposits. The FDIC's estimated loss on the failure is $4.6M (23.3% of assets).