Bank failure · LA

Southwest Bank (Jennings, LA) — failed November 21, 1997

Southwest Bank of Jennings, Louisiana was closed on November 21, 1997 and resolved through a purchase and assumption. First Southwest Bank (LA) took over its insured deposits. At failure it held $27.9M in assets and $27.5M in deposits. The FDIC's estimated loss on the failure is $5.0M (18.0% of assets).