Data / Bank failures / 1988 / Northwest FS&LA
Northwest FS&LA, Boise, ID: received FDIC assistance August 26, 1988
Northwest FS&LA in Boise, Idaho, received open bank assistance from the FDIC on August 26, 1988. It held $26.7 million in assets and $25.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.5 million (9.2% of its assets). By assets it was the 350th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- August 26, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Washington FS&LA, Seattle, WA
- Total assets
- $26,686,000
- Total deposits
- $25,102,000
- Estimated cost to the FDIC
- $2,460,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31296
Other bank failures in Idaho, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Provident FS&LA (assistance) | Boise | July 2, 1987 | $222.3 million | $210.9 million | $54.6 million | Washington FS&LA |
| United First FS&LA (assistance) | Boise | July 2, 1987 | $344.5 million | $299.6 million | $73.2 million | Washington FS&LA |
| First Bank & Trust of Idaho | Malad City | May 9, 1986 | $55.9 million | $51.9 million | $17.2 million | Idaho First National Ban |
Other failed banks Washington FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Family Federal Savings | Dallas | OR | January 11, 1990 | $164.2 million | $100.7 million | $4.2 million | Washington FS&LA |
| Provident FS&LA (assistance) | Boise | ID | July 2, 1987 | $222.3 million | $210.9 million | $54.6 million | Washington FS&LA |
| United First FS&LA (assistance) | Boise | ID | July 2, 1987 | $344.5 million | $299.6 million | $73.2 million | Washington FS&LA |
| State FS&LA | Corvallis | OR | December 6, 1985 | $563.9 million | $443.9 million | $249 million | Washington FS&LA |
All bank failures in 1988 · All bank failures in Idaho · Every failed bank Washington FS&LA 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.