Bank failure · OK
Security Bank & Trust Company (Midwest City, OK) — failed August 8, 1985
Security Bank & Trust Company of Midwest City, Oklahoma was closed on August 8, 1985 and resolved through a purchase and assumption. Security Bank of Mw Cty (OK) took over its insured deposits. At failure it held $35.0M in assets and $33.4M in deposits. The FDIC's estimated loss on the failure is $6.9M (19.8% of assets).
- Closing date
- August 8, 1985
- FDIC certificate #
- 18907
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Security Bank of Mw Cty
- Insurance fund
- FDIC
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