SECURITY STATE BANK Failed 1985
What happened
SECURITY STATE BANK of EDGAR, NE was closed on 1985-05-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GUIDE ROCK STATE BANK (GUIDE ROCK, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1002
- FDIC Certificate
- 18738
- FDIC FIN
- 2469
- Bank name
- SECURITY STATE BANK
- Location
- EDGAR, NE
- Failure date
- 1985-05-31
- FDIC resolution date
- 1985-05-31
- 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.)
- $1M
- Deposits at failure
- $6M
- Assets at failure
- $7M
- Acquiring bank
- GUIDE ROCK STATE BANK (GUIDE ROCK, NE)