Data / Bank failures / 1990 / Sweetwater FS & La
Sweetwater FS & La, Rock Springs, WY: failed August 22, 1990
Sweetwater FS & La in Rock Springs, Wyoming, failed on August 22, 1990. First Security Bank of Rock Springs, CO, took over its deposits. It held $11.6 million in assets and $11.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.3 million (11.1% of its assets). By assets it was the 359th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- August 22, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Security Bank, Rock Springs, CO
- Total assets
- $11,625,000
- Total deposits
- $11,705,000
- Estimated cost to the FDIC
- $1,290,125 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29499
Other bank failures in Wyoming, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Westland FS & La | Rawlins | July 26, 1991 | $31.8 million | $31.7 million | $2.7 million | Rawlins NB |
| Provident Sa | Casper | February 23, 1990 | $244.9 million | $200.3 million | $16.2 million | Key Bank of Wy - Casper |
| First Federal Savings Bank | Diamondville | November 30, 1989 | $13.4 million | $11.5 million | $7.7 million | |
| United SB of Wyoming (assistance) | Cheynne | December 16, 1988 | $220.5 million | $275.5 million | $120.6 million | Rocky Mountain FS&LA |
| Rocky Mountain FS&LA (assistance) | Cheynne | December 16, 1988 | $307.2 million | $268.1 million | $102.6 million | Rocky Mountain FSB |
| Bank of Casper | Casper | January 22, 1988 | $6.1 million | $5.8 million | $1.1 million | First Wyoming Bank Caspe |
Other failed banks First Security Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The First National Bank of Brush | Brush | CO | October 8, 1987 | $20.9 million | $21 million | $3.3 million | First Security Bank |
All bank failures in 1990 · All bank failures in Wyoming · Every failed bank First Security Bank took over · 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.