Data / Bank failures / 1982 / The Security State Bank
The Security State Bank, Mooreland, OK: failed December 16, 1982
The Security State Bank in Mooreland, Oklahoma, failed on December 16, 1982. First STB of Mooreland of Mooreland, OK, took over its deposits. It held $11.6 million in assets and $10.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.4 million (12.2% of its assets). By assets it was the 107th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- December 16, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First STB of Mooreland, Mooreland, OK
- Total assets
- $11,554,000
- Total deposits
- $10,062,000
- Estimated cost to the FDIC
- $1,415,095 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 9874
Other bank failures in Oklahoma, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| American State Bank | Thomas | October 19, 1984 | $23.9 million | $22.2 million | $6.9 million | Bank of Thomas |
| The Farmers & Merchants Bank | Tecumseh | October 5, 1984 | $31.1 million | $31 million | $6.1 million | Republic Bank of Tecumse |
| Security State Bank | Weatherford | September 21, 1984 | $50.1 million | $48.5 million | $20.4 million | United Community Bank |
| Community BK & TR Co. | Enid | September 14, 1984 | $32.2 million | $28 million | $10.8 million | First NB&T Co of Enid |
| First Continental Bank & Trust Company of | Del City | May 11, 1984 | $107.2 million | $104 million | $21.3 million | United Ok Bank of Del Ci |
| The Bank of Red Oak | Red Oak | December 16, 1983 | $11.1 million | $10.5 million | $2.8 million | Farmers State Bank |
| Oklahoma National BK & TR Co. (assistance) | Oklahoma City | October 3, 1982 | $131.6 million | $133.6 million | $24.6 million | Oklahoma National BK & TR C |
| Penn Square Bank, N.A. | Oklahoma City | July 5, 1982 | $436.5 million | $390 million | $65 million |
All bank failures in 1982 · All bank failures in Oklahoma · 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.