CITIZENS STATE BANK Failed 1986

IOWA FALLS, IA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

CITIZENS STATE BANK of IOWA FALLS, IA was closed on 1986-07-31. The FDIC was named receiver.

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

Deposits were transferred to GREEN BELT BANK&TRUST (IOWA FALLS, IA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1246
FDIC Certificate
15109
FDIC FIN
2584
Bank name
CITIZENS STATE BANK
Location
IOWA FALLS, IA
Failure date
1986-07-31
FDIC resolution date
1986-07-31
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.)
$5M
Deposits at failure
$53M
Assets at failure
$54M
Acquiring bank
GREEN BELT BANK&TRUST (IOWA FALLS, IA)