# MOUNTAIN SECURITY SB

> **Failed bank** · WYTHEVILLE, VA · failed 1986-06-06 · SL · FDIC cost $19M

## What happened

MOUNTAIN SECURITY SB of WYTHEVILLE, VA was closed by state regulators on **1986-06-06**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CARTERET S&LA FA** (NEWARK, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1209
- **FDIC Certificate:** 31727
- **FDIC FIN:** 1686
- **Bank name:** MOUNTAIN SECURITY SB
- **Location:** WYTHEVILLE, VA
- **Failure date:** 1986-06-06
- **FDIC resolution date:** 1986-06-06
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $19M
- **Deposits at failure:** $114M
- **Assets at failure:** $125M
- **Acquiring bank:** CARTERET S&LA FA (NEWARK, NJ)

## Other banks CARTERET S&LA FA has acquired in FDIC resolutions

- FIRST OF MONTGOMERY COUNTY (BLACKSBURG, VA) — failed 1986-06-06 — /failed-bank/1208
- BARTON S&LA (NEWARK, NJ) — failed 1982-10-01 — /failed-bank/713

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MOUNTAIN SECURITY SB (FDIC ID 1209), failed 1986-06-06. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1209.

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