SECURITY BANK Failed 1988
What happened
SECURITY BANK of DALLAS, TX was closed on 1988-10-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to DEPOSIT GUARANTY BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1966
- FDIC Certificate
- 25855
- FDIC FIN
- 2928
- Bank name
- SECURITY BANK
- Location
- DALLAS, TX
- Failure date
- 1988-10-20
- FDIC resolution date
- 1988-10-20
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $21M
- Assets at failure
- $22M
- Acquiring bank
- DEPOSIT GUARANTY BANK (DALLAS, TX)
Other banks DEPOSIT GUARANTY BANK acquired in FDIC resolutions
- FIRST NATIONAL BANK OF RICHARDSON (RICHARDSON, TX) — failed 1989-06-30
- PREMIER BANK, A NATIONAL ASSOCIATION (DALLAS, TX) — failed 1989-03-31
- FIRST BANK OF ROWLETT (ROWLETT, TX) — failed 1989-03-23
- CITIZENS BANK HOUSTON (HOUSTON, TX) — failed 1989-02-09
- CITIZENS BANK (HOUSTON, TX) — failed 1989-02-09
- PIONEER NATIONAL BANK (ARLINGTON, TX) — failed 1988-09-01
- HIGHLAND PARK NATIONAL BANK (DALLAS, TX) — failed 1988-08-25
- PARKWAY BANK & TRUST (DALLAS, TX) — failed 1988-06-09
- CENTRAL NATIONAL BANK (DALLAS, TX) — failed 1988-04-07
- BANK OF DALLAS (DALLAS, TX) — failed 1988-02-05