Data / Bank failures / 2009 / Security Savings Bank
Security Savings Bank, Henderson, NV: failed February 27, 2009
Security Savings Bank in Henderson, Nevada, failed on February 27, 2009. Bank of Nevada of Las Vegas, NV, took over its deposits. It held $238.3 million in assets and $174.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $32.3 million (13.6% of its assets). By assets it was the 82nd largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- February 27, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of Nevada, Las Vegas, NV
- Total assets
- $238,307,000
- Total deposits
- $174,872,000
- Estimated cost to the FDIC
- $32,328,329 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 34820
Other bank failures in Nevada, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Nevada Commerce Bank | Las Vegas | April 8, 2011 | $135.1 million | $128.6 million | $38.5 million | City National Bank |
| Southwestusa Bank | Las Vegas | July 23, 2010 | $203.7 million | $184 million | $86.3 million | Plaza Bank |
| Nevada Security Bank | Reno | June 18, 2010 | $492.5 million | $479.8 million | $70 million | Umpqua Bank |
| Sun West Bank | Las Vegas | May 28, 2010 | $360.7 million | $353.9 million | $116 million | City National Bank |
| Carson River Community Bank | Carson City | February 26, 2010 | $51.1 million | $50 million | $14.5 million | Heritage Bank of Nevada |
| Community Bank of Nevada | Las Vegas | August 14, 2009 | $1.40 billion | $1.37 billion | $558 million | |
| Great Basin Bank of Nevada | Elko | April 17, 2009 | $238.9 million | $220.8 million | $20 million | Nevada State Bank |
| Citibank, National Association (assistance) | Las Vegas | November 23, 2008 | $1.21 trillion | $230.04 billion |
All bank failures in 2009 · All bank failures in Nevada · 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.