# SECURITY SAVINGS BANK, F.S.B.

> **Failed bank** · OLATHE, KS · failed 2010-10-15 · Savings bank · FDIC cost $53M

## What happened

SECURITY SAVINGS BANK, F.S.B. of OLATHE, KS was closed by state regulators 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
- **Estimated FDIC DIF cost:** $53M
- **Deposits at failure:** $347M
- **Assets at failure:** $453M
- **Acquiring bank:** SIMMONS FIRST NATIONAL BANK (PINE BLUFF, AR)

## Other banks SIMMONS FIRST NATIONAL BANK has acquired in FDIC resolutions

- EXCEL BANK (SEDALIA, MO) — failed 2012-10-19 — /failed-bank/4026
- TRUMAN BANK (ST. LOUIS, MO) — failed 2012-09-14 — /failed-bank/4024
- SOUTHWEST COMMUNITY BANK (SPRINGFIELD, MO) — failed 2010-05-14 — /failed-bank/3803

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY SAVINGS BANK, F.S.B. (FDIC ID 3863), failed 2010-10-15. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3863.

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