Data / Bank failures / 1985 / Northwest Bank
Northwest Bank, White Settlement, TX: failed May 23, 1985
Northwest Bank in White Settlement, Texas, failed on May 23, 1985. Landmark Bank-Northwest of White Settlement, TX, took over its deposits. It held $54 million in assets and $51.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11.5 million (21.4% of its assets). By assets it was the 63rd largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- May 23, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Landmark Bank-Northwest, White Settlement, TX
- Total assets
- $54,001,000
- Total deposits
- $51,102,000
- Estimated cost to the FDIC
- $11,540,740 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19076
Other bank failures in Texas, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Usbank | Denton | December 17, 1987 | $86 million | $84.8 million | $19.6 million | United National Bank |
| Bank of Mabank | Mabank | December 17, 1987 | $43.8 million | $44.5 million | $9.7 million | First State Bank |
| MT. Pleasant S&LA (assistance) | MT. Pleasant | December 16, 1987 | $24.9 million | $29.3 million | $7.1 million | Sulphur Springs LN&BLDG Ass |
| Heritage National Bank | Austin | December 10, 1987 | $53.2 million | $51 million | $19.5 million | Community National Bank |
| Bancfirst-Austin, N.A. | Austin | December 10, 1987 | $25.3 million | $28 million | $14.1 million | Texas Capital Bank-Fort |
| The First National Bank in Rhome | Rhome | December 10, 1987 | $9.2 million | $9.3 million | $1.9 million | Continental State Bank |
| Crossroads Bank (assistance) | Victoria | December 3, 1987 | $25.1 million | $25.3 million | $1.3 million | Crossroads Bank |
| West Texas State Bank of Canyon | Canyon | November 13, 1987 | $20.4 million | $20 million | $3.3 million | First NB of Amarillo |
All bank failures in 1985 · All bank failures in Texas · 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.