# SECURITY STATE BANK

> **Failed bank** · EDGAR, NE · failed 1985-05-31 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

SECURITY STATE BANK of EDGAR, NE was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $6M
- **Assets at failure:** $7M
- **Acquiring bank:** GUIDE ROCK STATE BANK (GUIDE ROCK, NE)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY STATE BANK (FDIC ID 1002), failed 1985-05-31. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1002.

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