# FIRST SOUTHWEST BANK

> **Failed bank** · ELDORADO, OK · failed 1988-12-16 · State commercial bank, Federal Reserve member · FDIC cost $2M

## What happened

FIRST SOUTHWEST BANK of ELDORADO, OK was closed by state regulators on **1988-12-16**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST STATE BANK&TRUST C** (HOLLIS, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2011
- **FDIC Certificate:** 15670
- **FDIC FIN:** 2947
- **Bank name:** FIRST SOUTHWEST BANK
- **Location:** ELDORADO, OK
- **Failure date:** 1988-12-16
- **FDIC resolution date:** 1988-12-16
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $10M
- **Assets at failure:** $10M
- **Acquiring bank:** FIRST STATE BANK&TRUST C (HOLLIS, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20SOUTHWEST%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SOUTHWEST BANK (FDIC ID 2011), failed 1988-12-16. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2011.

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