THE SECURITY STATE BANK Failed 1988
What happened
THE SECURITY STATE BANK of COMANCHE, OK was closed on 1988-09-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN NATIONAL BANK (ARDMORE, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1931
- FDIC Certificate
- 9878
- FDIC FIN
- 2921
- Bank name
- THE SECURITY STATE BANK
- Location
- COMANCHE, OK
- Failure date
- 1988-09-22
- FDIC resolution date
- 1988-09-22
- 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
- $9M
- Assets at failure
- $9M
- Acquiring bank
- AMERICAN NATIONAL BANK (ARDMORE, OK)
Other banks AMERICAN NATIONAL BANK acquired in FDIC resolutions