Bank failure · OK
Security State Bank (Roosevelt, OK) — failed August 6, 1987
Security State Bank of Roosevelt, Oklahoma was closed on August 6, 1987 and resolved through a purchase and assumption. First National Bank in a (OK) took over its insured deposits. At failure it held $15.2M in assets and $16.7M in deposits. The FDIC's estimated loss on the failure is $9.0M (58.9% of assets).
- Closing date
- August 6, 1987
- FDIC certificate #
- 433
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First National Bank in a
- Insurance fund
- FDIC
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