Record · Bank
SECURITY BANK
SECURITY BANK held $21.8 million in total assets at failure as of October 20, 1988, according to the FDIC.
SECURITY BANK, of DALLAS, TX, was an FDIC-insured institution that closed on October 20, 1988, as the FDIC records it.
The failure
- October 20, 1988
- Closed
- $21.8 million
- Assets at failure
- $21,789,000
- $20.9 million
- Deposits at failure
- $20,851,000
- $6.6 million
- Estimated cost to the insurance fund
- $6,595,743
- The FDIC's estimate as of July 31, 2026; it revises the estimate as it sells the bank's assets.
- DEPOSIT GUARANTY BANK
- Acquired by
- DALLAS, TX
The FDIC’s entry
- FDIC certificate number
- 25855
- Resolution
- FAILURE
- Transaction type
- PA
- Charter class
- SM
- Insurance fund
- FDIC
- Insured since
- January 2, 1985
- Established
- January 2, 1985
- Recorded in
- The FDIC’s failures data
Sources
- FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026
Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved