THE CITIZENS STATE BANK Failed 1987

BROWNSTOWN, IN · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE CITIZENS STATE BANK of BROWNSTOWN, IN was closed on 1987-04-10. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to MONROE COUNTY BANK (BLOOMINGTON, IN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1412
FDIC Certificate
10094
FDIC FIN
6843
Bank name
THE CITIZENS STATE BANK
Location
BROWNSTOWN, IN
Failure date
1987-04-10
FDIC resolution date
1987-04-10
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$1M
Deposits at failure
$28M
Assets at failure
$29M
Acquiring bank
MONROE COUNTY BANK (BLOOMINGTON, IN)