# THE CITIZENS STATE BANK

> **Failed bank** · BROWNSTOWN, IN · failed 1987-04-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

THE CITIZENS STATE BANK of BROWNSTOWN, IN was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $28M
- **Assets at failure:** $29M
- **Acquiring bank:** MONROE COUNTY BANK (BLOOMINGTON, IN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE CITIZENS STATE BANK (FDIC ID 1412), failed 1987-04-10. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/1412.

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