# SECURITY STATE BANK

> **Failed bank** · CASEY, IA · failed 1988-08-09 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $0M

## What happened

SECURITY STATE BANK of CASEY, IA was closed by regulators on **1988-08-09**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **SECURITY STATE BANK** (CASEY, IA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1850
- **FDIC Certificate:** 17439
- **FDIC FIN:** 1959
- **Bank name:** SECURITY STATE BANK
- **Location:** CASEY, IA
- **Failure date:** 1988-08-09
- **FDIC resolution date:** 1988-08-09
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $15M
- **Assets at failure:** $15M
- **Acquiring bank:** SECURITY STATE BANK (CASEY, IA)

## Other banks SECURITY STATE BANK has acquired in FDIC resolutions

- REAGAN STATE BANK (BIG LAKE, TX) — failed 1991-10-03 — /failed-bank/3203

## 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 1850), failed 1988-08-09. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1850.

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