SECURITY BANK & TRUST COMPANY Failed 1985

MIDWEST CITY, OK · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

SECURITY BANK & TRUST COMPANY of MIDWEST CITY, OK was closed on 1985-08-08. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to SECURITY BANK OF MW CTY (MIDWEST CITY, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1047
FDIC Certificate
18907
FDIC FIN
2490
Bank name
SECURITY BANK & TRUST COMPANY
Location
MIDWEST CITY, OK
Failure date
1985-08-08
FDIC resolution date
1985-08-08
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.)
$7M
Deposits at failure
$33M
Assets at failure
$35M
Acquiring bank
SECURITY BANK OF MW CTY (MIDWEST CITY, OK)