Security State Bank

Security State Bank was established on October 4, 1947, in Texas. Initially functioning as a financial institution, it underwent a significant change on April 18, 1958, when it withdrew from membership in the Federal Reserve System and changed its classification to a state-chartered bank, subsequently becoming regulated by the Federal Deposit Insurance Corporation (FDIC). After several decades of operation, Security State Bank merged with Wellington State Bank on February 20, 2016, and thereby ceased to exist as an independent entity. The merger integrated its services with those of Wellington State Bank, located in Wellington, Texas.

Below is a list of some important events in banks history, including mergers and acquisitions.

1947-10-04Institution established. Original name: Security State Bank.

1958-04-18Institution withdraws from membership in the Federal Reserve System.

1958-04-18Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

1958-04-18Changed Primary Federal Regulatory Agency to FDIC.

2016-02-20Merged and became part of Wellington State Bank in Wellington, TX.