Bank failure · MO
Southwest Community Bank (Springfield, MO) — failed May 14, 2010
Southwest Community Bank of Springfield, Missouri was closed on May 14, 2010 and resolved through a purchase and assumption. Simmons First National Bank (AR) took over its insured deposits. At failure it held $100.7M in assets and $102.5M in deposits. The FDIC's estimated loss on the failure is $25.6M (25.4% of assets).
- Closing date
- May 14, 2010
- FDIC certificate #
- 34255
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Simmons First National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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