SECURITY S&LA Failed 1980
What happened
SECURITY S&LA of MARION, IA was closed on 1980-09-01. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to MIDLAND FINANCIAL S&LA (DES MOINES, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 578
- FDIC Certificate
- 31312
- FDIC FIN
- 0
- Bank name
- SECURITY S&LA
- Location
- MARION, IA
- Failure date
- 1980-09-01
- FDIC resolution date
- 1980-09-01
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $44M
- Assets at failure
- $55M
- Acquiring bank
- MIDLAND FINANCIAL S&LA (DES MOINES, IA)