# SECURITY BANK

> **Failed bank** · DALLAS, TX · failed 1988-10-20 · State commercial bank, Federal Reserve member · FDIC cost $7M

## What happened

SECURITY BANK of DALLAS, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $21M
- **Assets at failure:** $22M
- **Acquiring bank:** DEPOSIT GUARANTY BANK (DALLAS, TX)

## Other banks DEPOSIT GUARANTY BANK has acquired in FDIC resolutions

- FIRST NATIONAL BANK OF RICHARDSON (RICHARDSON, TX) — failed 1989-06-30 — /failed-bank/2406
- PREMIER BANK, A NATIONAL ASSOCIATION (DALLAS, TX) — failed 1989-03-31 — /failed-bank/2308
- FIRST BANK OF ROWLETT (ROWLETT, TX) — failed 1989-03-23 — /failed-bank/2276
- CITIZENS BANK HOUSTON (HOUSTON, TX) — failed 1989-02-09 — /failed-bank/2092
- CITIZENS BANK (HOUSTON, TX) — failed 1989-02-09 — /failed-bank/2091
- PIONEER NATIONAL BANK (ARLINGTON, TX) — failed 1988-09-01 — /failed-bank/1909
- HIGHLAND PARK NATIONAL BANK (DALLAS, TX) — failed 1988-08-25 — /failed-bank/1880
- PARKWAY BANK & TRUST (DALLAS, TX) — failed 1988-06-09 — /failed-bank/1772
- CENTRAL NATIONAL BANK (DALLAS, TX) — failed 1988-04-07 — /failed-bank/1660
- BANK OF DALLAS (DALLAS, TX) — failed 1988-02-05 — /failed-bank/1619

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY BANK (FDIC ID 1966), failed 1988-10-20. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1966.

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