SUN SECURITY BANK Failed 2011
What happened
SUN SECURITY BANK of ELLINGTON, MO was closed on 2011-10-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GREAT SOUTHERN BANK (REEDS SPRING, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3966
- FDIC Certificate
- 20115
- FDIC FIN
- 10400
- Bank name
- SUN SECURITY BANK
- Location
- ELLINGTON, MO
- Failure date
- 2011-10-07
- FDIC resolution date
- 2011-10-07
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $93M
- Deposits at failure
- $281M
- Assets at failure
- $351M
- Acquiring bank
- GREAT SOUTHERN BANK (REEDS SPRING, MO)
Other banks GREAT SOUTHERN BANK acquired in FDIC resolutions