Data / Bank failures / Southwest Sa
Failed banks taken over by Southwest Sa: 4
Southwest Sa took over 4 failed banks between May 18, 1988 and May 18, 1988, holding $4.03 billion in assets and $4.40 billion in deposits. The FDIC estimates the cost to its insurance fund at $3.96 billion. The largest: Lamar Savings Association ($1.94 billion), Briercroft Savings Association ($867.5 million), City S&LA ($681.2 million).
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
Every bank it took over, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Stockton Savings Association (assistance) | Dallas | TX | May 18, 1988 | $543 million | $784.5 million | $806.3 million | Southwest Sa |
| City S&LA (assistance) | San Angelo | TX | May 18, 1988 | $681.2 million | $867.6 million | $911.9 million | Southwest Sa |
| Briercroft Savings Association (assistance) | Austin | TX | May 18, 1988 | $867.5 million | $658.6 million | $222.4 million | Southwest Sa |
| Lamar Savings Association (assistance) | Austin | TX | May 18, 1988 | $1.94 billion | $2.09 billion | $2.02 billion | Southwest Sa |
Other acquiring banks
- NCNB Texas National Bank 66
- Texas American Bridge Bank 24
- Bank One, Texas, N.A. 20
- First State Bank 18
- Kilgore FS&LA 16
- The First National Bank of 16
- Consolidated S&LA 15
- Hibernia National Bank in T 15
- Citizens Bank 12
- State Bank and Trust Company 12
- Deposit Guaranty Bank 11
- First Bank 11
- Olney S&LA 11
- U.S. Bank, NA 11
- American Federal Bank FSB 10
- Ameris Bank 10
- Central Bank 9
- First-Citizens Bank & Trust Company 9
- Home Sa of America 9
- Citizens State Bank 8
- Community & Southern Bank 8
- First American Bank 8
- Bank of the Ozarks 7
- Centennial Bank 7
- Channelview Bank 7
- Hibernia National Bank 7
- Pacific Southwest SB FSB 7
- Premier American Bank, National Association 7
- Texas Commerce Bank NA 7
- Bank One, Texas, National A 6
- Comerica Bank-Texas 6
- First FSB 6
- First National Bank 6
- Horizon FS&LA 6
- Household Bank FSB 6
- Republic Bank of Chicago 6
- Sunbelt Savings FSB 6
- 1ST United Bank 5
- American National Bank 5
- Anchor Savings Bank FSB 5
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.