Bank failures in 1997

FDIC-insured banks and savings institutions recorded 1 failures in 1997, according to the FDIC.

1 FDIC-insured banks and savings institutions failed in 1997, the FDIC records, oldest first.

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Failures and assistance transactions of FDIC-insured institutions in 1997, oldest first
Date	Institution	Where	Resolution	Assets	Estimated cost
November 21, 1997	SOUTHWEST BANK	JENNINGS, LA	FAILURE	$27.9 million	$5.0 million

Sources

FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026

Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built

Data retrieved September 30, 2026