Bank failure · NE

Security State Bank (Broken Bow, NE) — failed December 5, 1985

Security State Bank of Broken Bow, Nebraska was closed on December 5, 1985 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $8.0M in assets and $7.5M in deposits. The FDIC's estimated loss on the failure is $1.6M (20.5% of assets).