Bank Branches › Closed and merged banks › New Mexico › Security Savings Bank, FSB
What happened to Security Savings Bank, FSB?
Security Savings Bank, FSB in Carlsbad, NM failed, and Security Federal Savings Bank of Carlsbad, NM took it over on May 4, 1990. After 1 more change of hands, what was Security Savings Bank, FSB is today part of Western Commerce Bank (Carlsbad, NM).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1938Security Savings Bank, FSB opens in Carlsbad, NM
- May 4, 1990FAILEDSecurity Savings Bank, FSB failed, and Security Federal Savings Bank of Carlsbad, NM took it over.FDIC certificate 31433 ends; its business continues under certificate 33039.
- Nov 16, 1990RESOLVEDSecurity Federal Savings Bank of Carlsbad, NM was closed in a federal resolution, and its business passed to Western Commerce Bank of Carlsbad, NM.FDIC certificate 33039 ends; its business continues under certificate 18389.
- TodayOPEN
Western Commerce BankMain office Carlsbad, NM · FDIC certificate 18389 · 12 offices in 1 state on June 30, 2026Every Western Commerce Bank office → Website on file with the FDIC: www.wcb.net
If you still have something from Security Savings Bank, FSB
A lien that was never released
Security Savings Bank, FSB failed on May 4, 1990, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask Western Commerce Bank as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Security Federal Savings Bank). Start with Western Commerce Bank, and ask them to search under the name Security Savings Bank, FSB.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Western Commerce Bank. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 31433 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.