THE CITIZENS STATE BANK OF ST. FRANCIS Failed 1986
What happened
THE CITIZENS STATE BANK OF ST. FRANCIS of ST. FRANCIS, KS was closed on 1986-05-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ST FRANCIS STATE B&T CO (SAINT FRANCIS, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1194
- FDIC Certificate
- 14767
- FDIC FIN
- 2559
- Bank name
- THE CITIZENS STATE BANK OF ST. FRANCIS
- Location
- ST. FRANCIS, KS
- Failure date
- 1986-05-15
- FDIC resolution date
- 1986-05-15
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $22M
- Assets at failure
- $24M
- Acquiring bank
- ST FRANCIS STATE B&T CO (SAINT FRANCIS, KS)