CITIZENS BANK Failed 1987

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

What happened

CITIZENS BANK of BRYAN, TX was closed on 1987-07-02. The FDIC was named receiver.

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

Deposits were transferred to UNITED CITIZENS BANK NA (COLLEGE STATION, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1464
FDIC Certificate
22311
FDIC FIN
2706
Bank name
CITIZENS BANK
Location
BRYAN, TX
Failure date
1987-07-02
FDIC resolution date
1987-07-02
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.)
$14M
Deposits at failure
$44M
Assets at failure
$46M
Acquiring bank
UNITED CITIZENS BANK NA (COLLEGE STATION, TX)