Bank Failure
The Security State Bank
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Closed December 16, 1982 · Mooreland, OK · FDIC Cert #9874.
- Closing date
- December 16, 1982
- Headquarters
- Mooreland, OK
- FDIC Certificate
- 9874
- Total assets at closing
- $11.6M
- Total deposits at closing
- $10.1M
- Estimated loss to the insurance fund
- $1.4M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- First STB of Mooreland
Context
On December 16, 1982, regulators closed The Security State Bank, headquartered in Mooreland, OK. At closing, the institution held approximately $11.6M in assets and $10.1M in deposits. The FDIC record names First STB of Mooreland as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $1.4M.
By assets at closing this is the 2711th largest of the 3,526 bank failures in the FDIC record, and the 26th of 34 in 1982. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did The Security State Bank fail?
The Security State Bank was closed by regulators on December 16, 1982.
Who acquired The Security State Bank?
The FDIC record names First STB of Mooreland as the acquiring institution in the resolution of The Security State Bank.
How big was The Security State Bank when it failed?
The Security State Bank had approximately $11.6M in total assets and $10.1M in deposits at the time of failure.
Other failures in 1982
| Date | Bank | Assets |
|---|---|---|
| Dec 10, 1982 | Bollinger County Bank | $15.9M |
| Nov 19, 1982 | North Kansas Sa | $36.5M |
| Nov 19, 1982 | Ranchlander National Bank | $4.3M |
| Nov 12, 1982 | Bank of Quitman | $17.4M |
| Nov 5, 1982 | The First National Bank of South Charlesto | $28.6M |
| Nov 5, 1982 | Texas BK of Amarillo | $13.1M |
| Nov 2, 1982 | Cedar Bluff Bank | $13.7M |
| Oct 8, 1982 | Tri-State Bank | $16.3M |
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