Security Federal Savings Bank

Status:Inactive as of 11/30/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Security Federal Savings, FSB
Headquarters:Security Federal Savings Bank
1233 Washington St
Columbia, SC 29201
Established:01/01/1923
FDIC Insurance:08/09/1989
FDIC Cert:#29060
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$759,158,000
Total Deposits:$667,256,000

History

1923-01-01Institution established: Original name:Security Federal Savings and Loan Association
1980-10-31Acquired North Charleston Savings and Loan Association (31894) in NORTH CHARLESTON, SC
1981-10-31Acquired Security Savings and Loan Association (30399) in FLORENCE, SC
1981-11-30Acquired Home Federal Savings and Loan Association of Bishopville (30612) in BISHOPVILLE, SC
1982-03-31Acquired Fidelity Savings and Loan Association (31930) in CAMDEN, SC
1982-04-30Acquired Citizens Federal Savings and Loan Association (29820) in CLINTON, SC
1982-04-30Acquired Palmetto Savings and Loan Association (28647) in LAURENS, SC
1982-05-31Acquired The Federal Savings and Loan Association of Dillion (28854) in DILLON, SC
1982-08-31Acquired Anderson Savings and Loan Association Incorporated (31423) in ANDERSON, SC
1982-10-31Acquired Marlboro Savings and Loan Association (30571) in BENNETTSVILLE, SC
1982-10-31Acquired First Federal Savings and Loan Association (29292) in LANCASTER, SC
1982-11-30Acquired Carolina Federal Savings and Loan Association (30754) in GREENVILLE, SC
1982-12-31Acquired Lake City Savings and Loan Association (31022) in LAKE CITY, SC
1982-12-31Acquired First Federal Savings and Loan Association (30882) in CAYCE, SC
1989-05-31Changed name to Security Federal Savings Bank
1989-05-31Changed organization type to MUTUAL SAVINGS BANK
1989-11-30Institution established: Original name:Security Federal Savings, FSB (32842)
1989-11-30Failed, went into receivership, and then became part of Security Federal Savings, FSB (32842)
1989-11-30Placed into government conservatorship.
1991-02-15Government conservatorship or bridge bank resolved.
1991-02-15Acquired after government financial assistance and subsequently operated as part of The South Carolina National Bank (2098)
1994-05-28Changed name to Wachovia Bank of South Carolina, National Association (2098)
1997-06-01Changed name to Wachovia Bank, National Association (817)
1997-06-01Acquired Wachovia Bank of South Carolina, National Association (2098) in CHARLESTON, SC
1997-06-01Merged into and subsequently operated as part of Wachovia Bank, National Association (817) in WINSTON-SALEM, NC
1997-06-01Acquired Wachovia Bank of Georgia, National Association (2115) in AUGUSTA, GA
1998-03-20Acquired Central Fidelity National Bank (19887) in RICHMOND, VA
1998-03-20Acquired Jefferson National Bank (6871) in CHARLOTTESVILLE, VA
1998-07-01Acquired 1st United Bank (27136) in BOCA RATON, FL
2000-05-11Acquired Bank of Canton (871) in CANTON, GA
2000-10-19Acquired National Bank of Commerce (26771) in WINTER PARK, FL
2001-08-24Acquired Republic Security Bank (32254) in WEST PALM BEACH, FL
2002-04-01Merged into and subsequently operated as part of Wachovia Bank, National Association (33869) in CHARLOTTE, NC
2002-12-31Acquired Offitbank (33603) in NEW YORK CITY, NY
2002-12-31Acquired The First National Bank of Atlanta (26747) in NEW CASTLE, DE
2003-11-06Acquired Atlantic Savings Bank, F.S.B. (32335) in HILTON HEAD ISLAND, SC
2004-12-01Acquired First Union Direct Bank, National Association (34483) in AUGUSTA, GA
2005-01-03Acquired SouthTrust Bank (849) in BIRMINGHAM, AL
2006-03-01Acquired Western Financial Bank, National Association (31954) in Irvine, CA
2007-10-12Acquired World Savings Bank Interim, National Association (NY) (58838) in OCEANSIDE, NY
2008-06-01Acquired A.G. Edwards Trust Company, FSB (35018) in ST. LOUIS, MO
2010-03-20Merged into and subsequently operated as part of Wells Fargo Bank, National Association (3511) in SIOUX FALLS, SD
2010-03-20Acquired Wachovia Bank of Delaware, National Association (33931) in WILMINGTON, DE
2010-04-10Acquired Wachovia Card Services, National Association (58496) in ATLANTA, GA
2010-05-10Acquired Wells Fargo HSBC Trade Bank, National Association (34075) in SAN FRANCISCO, CA
2010-11-01Acquired Wells Fargo Alaska Trust Company, National Association (57755) in ANCHORAGE, AK
2011-03-31Acquired Wells Fargo Central Bank (26839) in CALABASAS, CA
2011-05-06Reorganized.
2011-07-01Reorganized.
2011-07-15Reorganized.
2011-12-01Reorganized.
2012-02-01Reorganized.