# SECURITY FEDERAL SAVINGS, FSB

> **Failed bank** · COLUMBIA, SC · failed 1989-11-30 · Savings bank · FDIC cost $67M

## What happened

SECURITY FEDERAL SAVINGS, FSB of COLUMBIA, SC was closed by state regulators on **1989-11-30**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **SOUTH CAROLINA NB** (COLUMBIA, SC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2565
- **FDIC Certificate:** 29060
- **FDIC FIN:** 7276
- **Bank name:** SECURITY FEDERAL SAVINGS, FSB
- **Location:** COLUMBIA, SC
- **Failure date:** 1989-11-30
- **FDIC resolution date:** 1991-02-15
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $67M
- **Deposits at failure:** $667M
- **Assets at failure:** $759M
- **Acquiring bank:** SOUTH CAROLINA NB (COLUMBIA, SC)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20FEDERAL%20SAVINGS%2C%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY FEDERAL SAVINGS, FSB (FDIC ID 2565), failed 1989-11-30. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2565.

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