Bank failure · OR

Bank of the Northwest (Eugene, OR) — failed August 31, 1984

Bank of the Northwest of Eugene, Oregon was closed on August 31, 1984 and resolved through a purchase and assumption. First Interstate Bk of O (OR) took over its insured deposits. At failure it held $21.8M in assets and $19.8M in deposits. The FDIC's estimated loss on the failure is $1.2M (5.4% of assets).