The Graveyard › Banks › 1997
Southwest Bank
Jennings, LA · failed November 21, 1997 · FDIC certificate 18338
Southwest Bank of Jennings, LA failed on November 21, 1997. It opened on January 5, 1961, 36 years before. At its last report before that it held $27.9 million in assets and $27.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $42.0 million. The FDIC estimates that the Bank Insurance Fund lost $5.0 million on it.
1984-031997-09
Assets at the end$27.9 millionlast report before November 21, 1997
Deposits at the end$27.5 million
Estimated loss to the fund$5.0 millionBIF
Largest in the quarterly reports$42.0 millionDecember 31, 1984
Equity to assets0.3%September 30, 1997
Loans not being repaid15.3%noncurrent, September 30, 1997
Return on assets-4.79%a year's rate, September 30, 1997
Staff22full time, September 30, 1997
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.