Bank failure · SC
Security Federal Savings, FSB (Columbia, SC) — failed November 30, 1989
Security Federal Savings, FSB of Columbia, South Carolina was closed on November 30, 1989 and resolved through a purchase and assumption. South Carolina Nb (SC) took over its insured deposits. At failure it held $759.2M in assets and $667.3M in deposits. The FDIC's estimated loss on the failure is $66.8M (8.8% of assets).
- Closing date
- November 30, 1989
- FDIC certificate #
- 29060
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- South Carolina Nb
- Insurance fund
- RTC
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