Bank failure · TX

First Southwest Fs & LA (Tyler, TX) — failed November 30, 1990

First Southwest Fs & LA of Tyler, Texas was closed on November 30, 1990 and resolved through a purchase and assumption. Citizens Bank (TX) took over its insured deposits. At failure it held $51.2M in assets and $45.3M in deposits. The FDIC's estimated loss on the failure is $4.9M (9.6% of assets).