# SECURITY BANK & TRUST COMPANY

> **Failed bank** · MIDWEST CITY, OK · failed 1985-08-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

SECURITY BANK & TRUST COMPANY of MIDWEST CITY, OK was closed by regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $33M
- **Assets at failure:** $35M
- **Acquiring bank:** SECURITY BANK OF MW CTY (MIDWEST CITY, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY BANK & TRUST COMPANY (FDIC ID 1047), failed 1985-08-08. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/1047.

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