Data / Bank failures / 1980 / Security S&LA
Security S&LA, Marion, IA: received FDIC assistance September 1, 1980
Security S&LA in Marion, Iowa, received open bank assistance from the FDIC on September 1, 1980. It held $54.6 million in assets and $44.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2 million (3.7% of its assets). By assets it was the 9th largest of 22 banks closed or assisted in 1980.
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The FDIC's record
- Closed
- September 1, 1980
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Midland Financial S&LA, Des Moines, IA
- Total assets
- $54,603,034
- Total deposits
- $44,271,770
- Estimated cost to the FDIC
- $2,000,414 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31312
Other bank failures in Iowa, 1978 to 1982
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Mount Pleasant BK & TR Company | Mount Pleasant | August 6, 1982 | $29.4 million | $26.2 million | $32 | Hawkeye BANK&TRUST |
| The First National BK in Humbold | Humboldt | April 2, 1982 | $55.4 million | $47.4 million | Hawkeye BANK&TRUST | |
| Sioux City FS&LA (assistance) | Sioux City | November 1, 1980 | $25.4 million | $18.1 million | United FSB of Iowa |
All bank failures in 1980 · All bank failures in Iowa · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.