# SECURITY NATIONAL BANK OF ELGIN

> **Failed bank** · ELGIN, TX · failed 1990-04-19 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

SECURITY NATIONAL BANK OF ELGIN of ELGIN, TX was closed by the OCC on **1990-04-19**. The FDIC was named receiver.

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

Deposits were transferred to **ELGIN BANK OF TEXAS** (ELGIN, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2731
- **FDIC Certificate:** 24915
- **FDIC FIN:** 4184
- **Bank name:** SECURITY NATIONAL BANK OF ELGIN
- **Location:** ELGIN, TX
- **Failure date:** 1990-04-19
- **FDIC resolution date:** 1990-04-19
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $11M
- **Assets at failure:** $11M
- **Acquiring bank:** ELGIN BANK OF TEXAS (ELGIN, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY NATIONAL BANK OF ELGIN (FDIC ID 2731), failed 1990-04-19. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/2731.

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