# SWEETWATER FS & LA

> **Failed bank** · ROCK SPRINGS, WY · failed 1990-08-22 · SL · FDIC cost $1M

## What happened

SWEETWATER FS & LA of ROCK SPRINGS, WY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** FIRST SECURITY BANK (ROCK SPRINGS, CO)

## Other banks FIRST SECURITY BANK has acquired in FDIC resolutions

- THE FIRST NATIONAL BANK OF BRUSH (BRUSH, CO) — failed 1987-10-08 — /failed-bank/1534

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SWEETWATER%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SWEETWATER FS & LA (FDIC ID 2878), failed 1990-08-22. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/2878.

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