SOUTHWEST COMMUNITY BANK Failed 2010
What happened
SOUTHWEST COMMUNITY BANK of SPRINGFIELD, MO was closed on 2010-05-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SIMMONS FIRST NATIONAL BANK (PINE BLUFF, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3803
- FDIC Certificate
- 34255
- FDIC FIN
- 10239
- Bank name
- SOUTHWEST COMMUNITY BANK
- Location
- SPRINGFIELD, MO
- Failure date
- 2010-05-14
- FDIC resolution date
- 2010-05-14
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $102M
- Assets at failure
- $101M
- Acquiring bank
- SIMMONS FIRST NATIONAL BANK (PINE BLUFF, AR)
Other banks SIMMONS FIRST NATIONAL BANK acquired in FDIC resolutions