# SECURITY FS&LA

> **Failed bank** · ALBERQUERQUE, NM · failed 1985-10-01 · SL · FDIC cost $20M

## What happened

SECURITY FS&LA of ALBERQUERQUE, NM was closed by state regulators on **1985-10-01**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **SECURITY FS&LA** (ALBEQUERQUE, NM). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1078
- **FDIC Certificate:** 30922
- **FDIC FIN:** 1672
- **Bank name:** SECURITY FS&LA
- **Location:** ALBERQUERQUE, NM
- **Failure date:** 1985-10-01
- **FDIC resolution date:** 1985-10-01
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $168M
- **Assets at failure:** $169M
- **Acquiring bank:** SECURITY FS&LA (ALBEQUERQUE, NM)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY FS&LA (FDIC ID 1078), failed 1985-10-01. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/1078.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*