SECURITY SAVINGS BANK, F.S.B. Failed 2010
What happened
SECURITY SAVINGS BANK, F.S.B. of OLATHE, KS was closed on 2010-10-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SIMMONS FIRST NATIONAL BANK (PINE BLUFF, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3863
- FDIC Certificate
- 30898
- FDIC FIN
- 10298
- Bank name
- SECURITY SAVINGS BANK, F.S.B.
- Location
- OLATHE, KS
- Failure date
- 2010-10-15
- FDIC resolution date
- 2010-10-15
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $53M
- Deposits at failure
- $347M
- Assets at failure
- $453M
- Acquiring bank
- SIMMONS FIRST NATIONAL BANK (PINE BLUFF, AR)
Other banks SIMMONS FIRST NATIONAL BANK acquired in FDIC resolutions