SECURITY STATE BANK Failed 1984
What happened
SECURITY STATE BANK of WEATHERFORD, OK was closed on 1984-09-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED COMMUNITY BANK (WEATHERFORD, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 919
- FDIC Certificate
- 2304
- FDIC FIN
- 2418
- Bank name
- SECURITY STATE BANK
- Location
- WEATHERFORD, OK
- Failure date
- 1984-09-21
- FDIC resolution date
- 1984-09-21
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $20M
- Deposits at failure
- $48M
- Assets at failure
- $50M
- Acquiring bank
- UNITED COMMUNITY BANK (WEATHERFORD, OK)
Other banks UNITED COMMUNITY BANK acquired in FDIC resolutions