THE CITIZENS STATE BANK Failed 1986
What happened
THE CITIZENS STATE BANK of DONNA, TX was closed on 1986-11-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to RAYMONDVILLE STATE BANK (RAYMONDVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1302
- FDIC Certificate
- 12998
- FDIC FIN
- 2610
- Bank name
- THE CITIZENS STATE BANK
- Location
- DONNA, TX
- Failure date
- 1986-11-06
- FDIC resolution date
- 1986-11-06
- 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.)
- $7M
- Deposits at failure
- $28M
- Assets at failure
- $27M
- Acquiring bank
- RAYMONDVILLE STATE BANK (RAYMONDVILLE, TX)
Other banks RAYMONDVILLE STATE BANK acquired in FDIC resolutions