Bank failure · NE
American Security Bank (North Platte, NE) — failed October 30, 1987
American Security Bank of North Platte, Nebraska was closed on October 30, 1987 and resolved through a purchase and assumption. North Platte National Ba (NE) took over its insured deposits. At failure it held $27.1M in assets and $26.5M in deposits. The FDIC's estimated loss on the failure is $3.7M (13.8% of assets).
- Closing date
- October 30, 1987
- FDIC certificate #
- 21579
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- North Platte National Ba
- Insurance fund
- FDIC
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