SECURITY STATE BANK Failed 1987
What happened
SECURITY STATE BANK of ROOSEVELT, OK was closed on 1987-08-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK IN A (ALTUS, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1489
- FDIC Certificate
- 433
- FDIC FIN
- 2715
- Bank name
- SECURITY STATE BANK
- Location
- ROOSEVELT, OK
- Failure date
- 1987-08-06
- FDIC resolution date
- 1987-08-06
- 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.)
- $9M
- Deposits at failure
- $17M
- Assets at failure
- $15M
- Acquiring bank
- FIRST NATIONAL BANK IN A (ALTUS, OK)
Other banks FIRST NATIONAL BANK IN A acquired in FDIC resolutions