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Bank Failures

Failed Bank Information for Security Savings Bank, Henderson, NV

On Friday, February 27, 2009, Security Savings Bank, Henderson, NV was closed by the Financial Institutions Division of the Nevada Department of Business and Industry. The FDIC was named Receiver. Bank of Nevada, Las Vegas, NV acquired all deposit accounts, excluding certain brokered deposits..

The FDIC as Receiver for Security Savings Bank, Henderson, NV has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 23, 2022 and has made all dividend distributions required by law.

Effective February 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: February 1, 2023
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Notice of Intent to Terminate

Publication Date: June 23, 2022
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Dividend Information

Report on dividends paid
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Press Release

Official press release

Beware of scams!


Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: BANK OF NEVADA

About Bank of Nevada, Las Vegas, NV

All deposit accounts, excluding certain brokered deposits, were transferred to Bank of Nevada, Las Vegas, NV ("assuming institution"). Former Security Savings Bank locations reopened as branches of Bank of Nevada.

Your transferred deposits were separately insured from any accounts you may have already had at Bank of Nevada for at least six months after the failure of Security Savings Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Bank of Nevada as long as the deposits are not pledged as collateral for loans.

Contacting Bank of Nevada

On December 31, 2013, Bank of Nevada merged with Western Alliance Bank.

You can contact Western Alliance Bank:

Western Alliance Bank
1 E Washington St
Phoenix, AZ 85004

Western Alliance Bank (www.westernalliancebank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution

Last Updated: February 9, 2023