NATIONAL SECURITY BANK Failed 1982

What happened

NATIONAL SECURITY BANK of TYLER, TX was closed on 1982-04-16. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to BANK OF TYLER NATIONAL A (TYLER, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

663

FDIC Certificate

22103

FDIC FIN

2307

Bank name

NATIONAL SECURITY BANK

Location

TYLER, TX

Failure date

1982-04-16

FDIC resolution date

1982-04-16

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$1M

Deposits at failure

$8M

Assets at failure

$9M

Acquiring bank

BANK OF TYLER NATIONAL A (TYLER, TX)