Bank failure · TX

Northwest Bank (Dallas, TX) — failed January 21, 1988

Northwest Bank of Dallas, Texas was closed on January 21, 1988 and resolved through a insured deposit transfer. American Bank of Haltom (TX) took over its insured deposits. At failure it held $58.4M in assets and $53.1M in deposits. The FDIC's estimated loss on the failure is $24.6M (42.1% of assets).