# SECURITY S&LA

> **Failed bank** · MARION, IA · failed 1980-09-01 · SL · FDIC cost $2M

## What happened

SECURITY S&LA of MARION, IA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $44M
- **Assets at failure:** $55M
- **Acquiring bank:** MIDLAND FINANCIAL S&LA (DES MOINES, IA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY S&LA (FDIC ID 578), failed 1980-09-01. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/578.

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