Southwest Bank

Status:Inactive as of 11/21/1997
 Absorption - Assisted
Successor Bank:First Southwest Bank
Headquarters:Southwest Bank
500 North Cary Avenue
Jennings, LA 70546
Established:01/05/1961
FDIC Insurance:01/05/1961
FDIC Cert:#18338
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$27,923,000
Total Deposits:$27,511,000

History

1961-01-05Institution established: Original name:Allen State Bank
1973-08-01Changed name to Bank of Southwest Louisiana
1992-03-31Changed name to Southwest Bank
1992-03-31Moved bank headquarters from OAKDALE, LA to JENNINGS, LA
1997-11-21Institution established: Original name:First Southwest Bank (34704)
1997-11-21Failed. Acquired with government financial assistance and subsequently operated as part of First Southwest Bank (34704)
1999-12-21Merged into and subsequently operated as part of First Guaranty Bank (14028) in HAMMOND, LA
2001-01-13Acquired First Woodlands Bank (35003) in HOMER, LA
2007-07-30Acquired Homestead Bank (29531) in PONCHATOULA, LA
2011-07-01Acquired Bank of Greensburg (1372) in GREENSBURG, LA
2017-06-16Acquired (34669)
2019-11-07Acquired The Union Bank (8800) in MARKSVILLE, LA

Financial Information (1996-12-31 and Older)