Bank failure · TX

Northwest Bank & Trust (Houston, TX) — failed June 23, 1988

Northwest Bank & Trust of Houston, Texas was closed on June 23, 1988 and resolved through a purchase and assumption. Northwest Bank (TX) took over its insured deposits. At failure it held $97.6M in assets and $92.5M in deposits. The FDIC's estimated loss on the failure is $40.5M (41.5% of assets).