Bank failure · NE
Security State Bank (Edgar, NE) — failed May 31, 1985
Security State Bank of Edgar, Nebraska was closed on May 31, 1985 and resolved through a purchase and assumption. Guide Rock State Bank (NE) took over its insured deposits. At failure it held $6.6M in assets and $6.1M in deposits. The FDIC's estimated loss on the failure is $1.1M (17.0% of assets).
- Closing date
- May 31, 1985
- FDIC certificate #
- 18738
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Guide Rock State Bank
- Insurance fund
- FDIC
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