THE SECURITY BANK Failed 1988
What happened
THE SECURITY BANK of WARNER, OK was closed on 1988-07-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to VIAN STATE BANK (VIAN, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1790
- FDIC Certificate
- 19965
- FDIC FIN
- 2841
- Bank name
- THE SECURITY BANK
- Location
- WARNER, OK
- Failure date
- 1988-07-14
- FDIC resolution date
- 1988-07-14
- 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.)
- $1M
- Deposits at failure
- $9M
- Assets at failure
- $9M
- Acquiring bank
- VIAN STATE BANK (VIAN, OK)