Data / Bank failures / 1997 / Southwest Bank
Southwest Bank, Jennings, LA: failed November 21, 1997
Southwest Bank in Jennings, Louisiana, failed on November 21, 1997. First Southwest Bank of Jennings, LA, took over its deposits. It held $27.9 million in assets and $27.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5 million (18% of its assets).
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The FDIC's record
- Closed
- November 21, 1997
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Southwest Bank, Jennings, LA
- Total assets
- $27,923,000
- Total deposits
- $27,511,000
- Estimated cost to the FDIC
- $5,025,538 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 18338
All bank failures in 1997 · All bank failures in Louisiana · The full failed bank list
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.