SOUTHWESTUSA BANK Failed 2010
What happened
SOUTHWESTUSA BANK of LAS VEGAS, NV was closed on 2010-07-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PLAZA BANK (IRVINE, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3836
- FDIC Certificate
- 35434
- FDIC FIN
- 10267
- Bank name
- SOUTHWESTUSA BANK
- Location
- LAS VEGAS, NV
- Failure date
- 2010-07-23
- FDIC resolution date
- 2010-07-23
- 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.)
- $86M
- Deposits at failure
- $184M
- Assets at failure
- $204M
- Acquiring bank
- PLAZA BANK (IRVINE, CA)
Other banks PLAZA BANK acquired in FDIC resolutions