# FIRST SOUTHWEST FS & LA

> **Failed bank** · TYLER, TX · failed 1990-11-30 · SL · FDIC cost $5M

## What happened

FIRST SOUTHWEST FS & LA of TYLER, TX was closed by state regulators on **1990-11-30**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 2952
- **FDIC Certificate:** 31827
- **FDIC FIN:** 7413
- **Bank name:** FIRST SOUTHWEST FS & LA
- **Location:** TYLER, TX
- **Failure date:** 1990-11-30
- **FDIC resolution date:** 1991-08-23
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $45M
- **Assets at failure:** $51M
- **Acquiring bank:** CITIZENS BANK (RUSK, TX)

## Other banks CITIZENS BANK has acquired in FDIC resolutions

- SILVER FALLS BANK (SILVERTON, OR) — failed 2009-02-20 — /failed-bank/3607
- HARTFORD-CARLISLE SB (CARLISLE, IA) — failed 2000-01-14 — /failed-bank/3524
- FIRST CITY, TEXAS - KOUNTZE, NA (KOUNTZE, TX) — failed 1992-10-30 — /failed-bank/3401
- FIRST CITY, TEXAS - SOUR LAKE (SOUR LAKE, TX) — failed 1992-10-30 — /failed-bank/3396
- THE FIRST NATIONAL BANK OF YORKTOWN (YORKTOWN, TX) — failed 1992-09-10 — /failed-bank/3372
- FIRST FSA OF NACOGDOCHES (NACOGDOCHES, TX) — failed 1990-11-30 — /failed-bank/2946
- THE FIRST NATIONAL BANK OF LEVELLAND (LEVELLAND, TX) — failed 1990-08-30 — /failed-bank/2882
- TIMBERLAND FSA (NACOGDOCHES, TX) — failed 1989-03-16 — /failed-bank/2259
- RUSK FED. S & L ASSOC. (RUSK, TX) — failed 1989-03-16 — /failed-bank/2235
- FIRST NATIONAL BANK IN CENTER (CENTER, TX) — failed 1988-12-15 — /failed-bank/2004

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SOUTHWEST FS & LA (FDIC ID 2952), failed 1990-11-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2952.

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