# SECURITY STATE BANK

> **Failed bank** · OXFORD, NE · failed 1987-10-01 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

SECURITY STATE BANK of OXFORD, NE was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** UNION BANK&TRUST CO (LINCOLN, NE)

## Other banks UNION BANK&TRUST CO has acquired in FDIC resolutions

- UNION BANK & TRUST COMPANY (OKLAHOMA CITY, OK) — failed 1988-03-31 — /failed-bank/1657
- FARMERS STATE BANK (RISING CITY, NE) — failed 1985-08-02 — /failed-bank/1043
- BANK OF TAYLOR (TAYLOR, NE) — failed 1985-05-31 — /failed-bank/1000

## 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 1526), failed 1987-10-01. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/failed-bank/1526.

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