Bank failure · KS
Security Savings Bank, F.S.B. (Olathe, KS) — failed October 15, 2010
Security Savings Bank, F.S.B. of Olathe, Kansas was closed on October 15, 2010 and resolved through a purchase and assumption. Simmons First National Bank (AR) took over its insured deposits. At failure it held $453.3M in assets and $347.1M in deposits. The FDIC's estimated loss on the failure is $53.1M (11.7% of assets).
- Closing date
- October 15, 2010
- FDIC certificate #
- 30898
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Simmons First National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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