# CITIZENS STATE BANK

> **Failed bank** · IOWA FALLS, IA · failed 1986-07-31 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

CITIZENS STATE BANK of IOWA FALLS, IA was closed by regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $53M
- **Assets at failure:** $54M
- **Acquiring bank:** GREEN BELT BANK&TRUST (IOWA FALLS, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS STATE BANK (FDIC ID 1246), failed 1986-07-31. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1246.

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