# SECURITY STATE BANK

> **Failed bank** · ROOSEVELT, OK · failed 1987-08-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $9M

## What happened

SECURITY STATE BANK of ROOSEVELT, OK was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- THE FIRST NATIONAL BANK OF TIPTON (TIPTON, OK) — failed 1987-09-03 — /failed-bank/1508

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY STATE BANK (FDIC ID 1489), failed 1987-08-06. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1489.

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