Bank failure · WY
Sweetwater Fs & LA (Rock Springs, WY) — failed August 22, 1990
Sweetwater Fs & LA of Rock Springs, Wyoming was closed on August 22, 1990 and resolved through a purchase and assumption. First Security Bank (CO) took over its insured deposits. At failure it held $11.6M in assets and $11.7M in deposits. The FDIC's estimated loss on the failure is $1.3M (11.1% of assets).
- Closing date
- August 22, 1990
- FDIC certificate #
- 29499
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Security Bank
- Insurance fund
- RTC
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