Data / Bank failures / 1984 / Bank of the Northwest
Bank of the Northwest, Eugene, OR: failed August 31, 1984
Bank of the Northwest in Eugene, Oregon, failed on August 31, 1984. First Interstate BK of O of Portland, OR, took over its deposits. It held $21.8 million in assets and $19.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.2 million (5.4% of its assets). By assets it was the 62nd largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- August 31, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Interstate BK of O, Portland, OR
- Total assets
- $21,780,000
- Total deposits
- $19,793,000
- Estimated cost to the FDIC
- $1,169,718 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22485
Other bank failures in Oregon, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Columbia Community Bank | Hermiston | October 3, 1986 | $5.3 million | $5 million | $1 million | Inland Empire Bank |
| Lincoln S&LA (assistance) | Portland | July 23, 1986 | $261.7 million | $230.4 million | $25.2 million | Rainier Bank, NA |
| State FS&LA | Corvallis | December 6, 1985 | $563.9 million | $443.9 million | $249 million | Washington FS&LA |
| Citizens S&LA | Salem | December 4, 1985 | $239.7 million | $153.5 million | $85.2 million | Freedom FS&LA |
| Western Heritage FS&LA (assistance) | Pendleton | August 1, 1985 | $175.1 million | $134 million | $8.8 million | Benj Franklin FS&LA |
| Bank of Oregon (assistance) | Woodburn | May 31, 1985 | $117.1 million | $97 million | $18.8 million | Bank of Oregon |
| First State Bank of Elgin | Elgin | April 12, 1985 | $18.2 million | $15.8 million | $4.9 million | United States NB of Oreg |
| Coast Community Bank | Harbor | January 11, 1985 | $9.1 million | $8.5 million | $1.4 million | Security Bank of Coos Co |
Other failed banks First Interstate BK of O took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Expressway Bank | Oklahoma City | OK | March 12, 1987 | $19.1 million | $20.1 million | $5.8 million | First Interstate BK of O |
| Norman Bank of Commerce | Norman | OK | November 20, 1986 | $43.5 million | $41.6 million | $12.4 million | First Interstate BK of O |
All bank failures in 1984 · All bank failures in Oregon · Every failed bank First Interstate BK of O took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.