# SOUTHWESTERN FEDERAL SAVINGS

> **Failed bank** · EL PASO, TX · failed 1989-11-30 · SL · FDIC cost $63M

## What happened

SOUTHWESTERN FEDERAL SAVINGS of EL PASO, TX was closed by state regulators on **1989-11-30**. The FDIC was named receiver.

**Resolution:** PO

Deposits were transferred to **PAYOUT** (NONE, NA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2568
- **FDIC Certificate:** 31601
- **FDIC FIN:** 7325
- **Bank name:** SOUTHWESTERN FEDERAL SAVINGS
- **Location:** EL PASO, TX
- **Failure date:** 1989-11-30
- **FDIC resolution date:** 1991-06-14
- **Charter type:** SL
- **Resolution type:** PO
- **Estimated FDIC DIF cost:** $63M
- **Deposits at failure:** $115M
- **Assets at failure:** $126M
- **Acquiring bank:** PAYOUT (NONE, NA)

## Other banks PAYOUT has acquired in FDIC resolutions

- WESTSIDE BANK, FSB (LOS ANGELES, CA) — failed 1993-09-24 — /failed-bank/3477
- GOLDEN STATE FSB (IRVINE, CA) — failed 1993-08-13 — /failed-bank/3471
- VISTA FSA (CANOGA PARK, CA) — failed 1993-01-29 — /failed-bank/3436
- ADVANCED FSB (NORTHRIDGE, CA) — failed 1992-01-24 — /failed-bank/3262
- DAVY CROCKETT FS & LA (CROCKETT, TX) — failed 1991-09-13 — /failed-bank/3186
- FIDELITY FS & LA (AUSTIN, TX) — failed 1991-07-12 — /failed-bank/3142
- COLONIAL FSB (CRANSTON, RI) — failed 1991-05-10 — /failed-bank/3101
- SENTRY FSA (NORFOLK, VA) — failed 1991-05-03 — /failed-bank/3084
- ATASCOSA SA (JOURDANTON, TX) — failed 1990-11-30 — /failed-bank/2951
- LOUISIANA FEDERAL SAVINGS BANK (KENNER, LA) — failed 1990-11-09 — /failed-bank/2936

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SOUTHWESTERN%20FEDERAL%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTHWESTERN FEDERAL SAVINGS (FDIC ID 2568), failed 1989-11-30. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2568.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*