Bank failure · NE
Security State Bank (Oxford, NE) — failed October 1, 1987
Security State Bank of Oxford, Nebraska was closed on October 1, 1987 and resolved through a purchase and assumption. Union Bank&trust Co (NE) took over its insured deposits. At failure it held $12.2M in assets and $11.7M in deposits. The FDIC's estimated loss on the failure is $1.8M (14.5% of assets).
- Closing date
- October 1, 1987
- FDIC certificate #
- 8605
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union Bank&trust Co
- Insurance fund
- FDIC
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