SECURITY NATIONAL BANK Failed 1986

What happened

SECURITY NATIONAL BANK of ANCHORAGE, AK was closed on 1986-10-23. The FDIC was named receiver.

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

Deposits were transferred to RAINIER BANK ALASKA NA (ANCHORAGE, AK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1293

FDIC Certificate

22145

FDIC FIN

2608

Bank name

SECURITY NATIONAL BANK

Location

ANCHORAGE, AK

Failure date

1986-10-23

FDIC resolution date

1986-10-23

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$22M

Deposits at failure

$42M

Assets at failure

$42M

Acquiring bank

RAINIER BANK ALASKA NA (ANCHORAGE, AK)