Data / Bank failures / 1984 / Security State Bank
Security State Bank, Weatherford, OK: failed September 21, 1984
Security State Bank in Weatherford, Oklahoma, failed on September 21, 1984. United Community Bank of Weatherford, OK, took over its deposits. It held $50.1 million in assets and $48.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $20.4 million (40.8% of its assets). By assets it was the 32nd largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- September 21, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- United Community Bank, Weatherford, OK
- Total assets
- $50,126,000
- Total deposits
- $48,462,000
- Estimated cost to the FDIC
- $20,447,090 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 2304
Other bank failures in Oklahoma, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Cordell National Bank | Cordell | December 5, 1986 | $78.6 million | $73.5 million | $35.6 million | City NB of Weatherford |
| Bank of Oklahoma, Okla. City, N.A. (assistance) | Oklahoma City | November 24, 1986 | $468.2 million | $349.9 million | $78.8 million | Bank of Oklahoma NA |
| Norman Bank of Commerce | Norman | November 20, 1986 | $43.5 million | $41.6 million | $12.4 million | First Interstate BK of O |
| First National Bank of Temple | Temple | November 14, 1986 | $7.3 million | $7.1 million | $511,074 | Union NB of Oklahoma |
| The First National Bank & TR Co. | Enid | November 6, 1986 | $100.1 million | $96.8 million | $27.4 million | |
| Stillwater Community Bank | Stillwater | October 23, 1986 | $22.6 million | $22.6 million | $7.6 million | Bank National Assn |
| Homestead S&LA | Woodward | October 10, 1986 | $135 million | $149.2 million | $103.7 million | |
| Central Bank & Trust of Tulsa | Tulsa | September 10, 1986 | $80.1 million | $71.6 million | $13.4 million | F&M BANK&TRUST Co |
Other failed banks United Community Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Southern Community Bank | Fayetteville | GA | June 19, 2009 | $371.7 million | $298 million | $136.6 million | United Community Bank |
All bank failures in 1984 · All bank failures in Oklahoma · Every failed bank United Community 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.