The Graveyard › Banks › 1988
The Security Bank
Warner, OK · failed July 14, 1988 · FDIC certificate 19965
The Security Bank of Warner, OK failed on July 14, 1988. It opened on June 2, 1969, 19 years before. At its last report before that it held $9.4 million in assets and $9.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $12.4 million. The FDIC estimates that the FDIC's insurance fund lost $601,180 on it.
1984-031988-06
Assets at the end$9.4 millionlast report before July 14, 1988
Deposits at the end$9.4 million
Estimated loss to the fund$601,180FDIC
Largest in the quarterly reports$12.4 millionSeptember 30, 1986
Equity to assets-0.9%June 30, 1988
Loans not being repaid1.1%noncurrent, June 30, 1988
Return on assets-5.55%a year's rate, June 30, 1988
Staff9full time, June 30, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.