Bank failure · AR

Northwest National Bank (Fayetteville, AR) — failed August 16, 1991

Northwest National Bank of Fayetteville, Arkansas was closed on August 16, 1991 and resolved through a purchase and assumption. Citizens Bank of Northwest (AR) took over its insured deposits. At failure it held $29.4M in assets and $30.2M in deposits. The FDIC's estimated loss on the failure is $936K (3.2% of assets).