Bank failure · TX

Northwest Bank (White Settlement, TX) — failed May 23, 1985

Northwest Bank of White Settlement, Texas was closed on May 23, 1985 and resolved through a purchase and assumption. Landmark Bank-Northwest (TX) took over its insured deposits. At failure it held $54.0M in assets and $51.1M in deposits. The FDIC's estimated loss on the failure is $11.5M (21.4% of assets).