SWEETWATER FS & LA Failed 1990
What happened
SWEETWATER FS & LA of ROCK SPRINGS, WY was closed on 1990-08-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST SECURITY BANK (ROCK SPRINGS, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2878
- FDIC Certificate
- 29499
- FDIC FIN
- 7143
- Bank name
- SWEETWATER FS & LA
- Location
- ROCK SPRINGS, WY
- Failure date
- 1990-08-22
- FDIC resolution date
- 1990-08-22
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- FIRST SECURITY BANK (ROCK SPRINGS, CO)
Other banks FIRST SECURITY BANK acquired in FDIC resolutions