# SOUTHWEST NATIONAL BANK

> **Failed bank** · AUSTIN, TX · failed 1990-06-28 · National commercial bank (OCC-chartered) · FDIC cost $7M

## What happened

SOUTHWEST NATIONAL BANK of AUSTIN, TX was closed by the OCC on **1990-06-28**. The FDIC was named receiver.

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

Deposits were transferred to **TEXAS BANK** (ODESSA, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2827
- **FDIC Certificate:** 23336
- **FDIC FIN:** 4240
- **Bank name:** SOUTHWEST NATIONAL BANK
- **Location:** AUSTIN, TX
- **Failure date:** 1990-06-28
- **FDIC resolution date:** 1990-06-28
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $34M
- **Assets at failure:** $34M
- **Acquiring bank:** TEXAS BANK (ODESSA, TX)

## Other banks TEXAS BANK has acquired in FDIC resolutions

- FIRST STATE BANK (BANGS, TX) — failed 1992-01-23 — /failed-bank/3258
- DRIPPING SPRINGS NATIONAL BANK (DRIPPING SPRINGS, TX) — failed 1991-07-12 — /failed-bank/3137
- CITIZENS NATIONAL BANK (DENTON, TX) — failed 1990-03-08 — /failed-bank/2690
- THE EARLY BANK (EARLY, TX) — failed 1985-10-18 — /failed-bank/1088

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTHWEST NATIONAL BANK (FDIC ID 2827), failed 1990-06-28. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2827.

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