# THE CITIZENS BANK

> **Failed bank** · OGDEN, UT · failed 1985-10-18 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $34M

## What happened

THE CITIZENS BANK of OGDEN, UT was closed by regulators on **1985-10-18**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **COMMERCIAL SECURITY BANK** (OGDEN, UT). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1087
- **FDIC Certificate:** 19383
- **FDIC FIN:** 2509
- **Bank name:** THE CITIZENS BANK
- **Location:** OGDEN, UT
- **Failure date:** 1985-10-18
- **FDIC resolution date:** 1985-10-18
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $34M
- **Deposits at failure:** $86M
- **Assets at failure:** $93M
- **Acquiring bank:** COMMERCIAL SECURITY BANK (OGDEN, UT)

## Other banks COMMERCIAL SECURITY BANK has acquired in FDIC resolutions

- FAMILY BANK (OGDEN, UT) — failed 1986-03-28 — /failed-bank/1169

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20CITIZENS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE CITIZENS BANK (FDIC ID 1087), failed 1985-10-18. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1087.

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