SECURITY STATE BANK Failed 1987
What happened
SECURITY STATE BANK of OXFORD, NE was closed on 1987-10-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION BANK&TRUST CO (LINCOLN, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1526
- FDIC Certificate
- 8605
- FDIC FIN
- 2733
- Bank name
- SECURITY STATE BANK
- Location
- OXFORD, NE
- Failure date
- 1987-10-01
- FDIC resolution date
- 1987-10-01
- 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.)
- $2M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- UNION BANK&TRUST CO (LINCOLN, NE)
Other banks UNION BANK&TRUST CO acquired in FDIC resolutions