Bank failure · OK

Security State Bank (Weatherford, OK) — failed September 21, 1984

Security State Bank of Weatherford, Oklahoma was closed on September 21, 1984 and resolved through a purchase and assumption. United Community Bank (OK) took over its insured deposits. At failure it held $50.1M in assets and $48.5M in deposits. The FDIC's estimated loss on the failure is $20.4M (40.8% of assets).