Security Savings Association, FSA

Status:Inactive as of 09/28/1989
 Absorption - Assisted
Successor Bank:Security Federal Savings Association
Headquarters:Security Savings Association, FSA
2826 New Boston Road
Texarkana, TX 75501
Established:06/11/1987
FDIC Insurance:06/11/1987
FDIC Cert:#32544
Charter Class:
Total Assets:$229,167,000
Total Deposits:$482,366,000

History

1987-06-11Institution established: Original name:Security Savings Association, FSA
1987-06-30Acquired (31055)
1989-03-16Placed into government conservatorship.
1989-09-28Institution established: Original name:Security Federal Savings Association (32806)
1989-09-28Failed. Acquired with government financial assistance and subsequently operated as part of Security Federal Savings Association (32806)
1990-12-07Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1990-12-07Government conservatorship or bridge bank resolved.