# SECURITY FEDERAL SAVINGS BANK

> **Failed bank** · CARLSBAD, NM · failed 1990-05-04 · Savings bank · FDIC cost $15M

## What happened

SECURITY FEDERAL SAVINGS BANK of CARLSBAD, NM was closed by state regulators on **1990-05-04**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **WESTERN COMMERCE BANK** (CARLSBAD, NM). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2752
- **FDIC Certificate:** 31433
- **FDIC FIN:** 7228
- **Bank name:** SECURITY FEDERAL SAVINGS BANK
- **Location:** CARLSBAD, NM
- **Failure date:** 1990-05-04
- **FDIC resolution date:** 1990-11-16
- **Charter type:** Savings bank
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $34M
- **Assets at failure:** $27M
- **Acquiring bank:** WESTERN COMMERCE BANK (CARLSBAD, NM)

## Other banks WESTERN COMMERCE BANK has acquired in FDIC resolutions

- LIBERTY NATIONAL BANK (LOVINGTON, NM) — failed 1991-05-23 — /failed-bank/3109

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY FEDERAL SAVINGS BANK (FDIC ID 2752), failed 1990-05-04. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/2752.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*