Data / Bank failures / 2010 / Security Savings Bank, F.S.B.
Security Savings Bank, F.S.B., Olathe, KS: failed October 15, 2010
Security Savings Bank, F.S.B. in Olathe, Kansas, failed on October 15, 2010. Simmons First National Bank of Pine Bluff, AR, took over its deposits. It held $453.3 million in assets and $347.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $53.1 million (11.7% of its assets). By assets it was the 48th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- October 15, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Simmons First National Bank, Pine Bluff, AR
- Total assets
- $453,349,000
- Total deposits
- $347,080,000
- Estimated cost to the FDIC
- $53,100,228 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 30898
Other bank failures in Kansas, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Heartland Bank | Leawood | July 20, 2012 | $96 million | $89.7 million | $362,839 | Metcalf Bank |
| The First National Bank of Olathe | Olathe | August 12, 2011 | $538.1 million | $524.3 million | $103.3 million | Enterprise Bank & Trust |
| Hillcrest Bank | Overland Park | October 22, 2010 | $1.58 billion | $1.49 billion | $275.3 million | Hillcrest Bank, N.A. |
| Thunder Bank | Sylvan Grove | July 23, 2010 | $28.2 million | $27 million | $6.7 million | The Bennington State Bank |
| Solutionsbank | Overland Park | December 11, 2009 | $511.1 million | $421.3 million | $93.4 million | Arvest Bank |
| First National Bank of Anthony | Anthony | June 19, 2009 | $157 million | $142.6 million | $33.2 million | Bank of Kansas |
| Teambank, N.A. | Paola | March 20, 2009 | $669.8 million | $532.5 million | $134.6 million | Great Southern Bank |
| The Columbian Bank and Trust Company | Topeka | August 22, 2008 | $735.1 million | $620.4 million | $334.3 million | Citizens Bank and Trust Company |
Other failed banks Simmons First National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Excel Bank | Sedalia | MO | October 19, 2012 | $186.1 million | $173.7 million | $29.6 million | Simmons First National Bank |
| Truman Bank | ST. Louis | MO | September 14, 2012 | $282.3 million | $245.7 million | $39.5 million | Simmons First National Bank |
| Southwest Community Bank | Springfield | MO | May 14, 2010 | $100.7 million | $102.5 million | $25.6 million | Simmons First National Bank |
All bank failures in 2010 · All bank failures in Kansas · Every failed bank Simmons First National Bank took over · 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.