# THE CITIZENS BANK

> **Failed bank** · DRUMRIGHT, OK · failed 1987-09-24 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $15M

## What happened

THE CITIZENS BANK of DRUMRIGHT, OK was closed by regulators on **1987-09-24**. The FDIC was named receiver.

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

Deposits were transferred to **AMERICAN NB OF BRISTOW** (BRISTOW, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1520
- **FDIC Certificate:** 425
- **FDIC FIN:** 2730
- **Bank name:** THE CITIZENS BANK
- **Location:** DRUMRIGHT, OK
- **Failure date:** 1987-09-24
- **FDIC resolution date:** 1987-09-24
- **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:** $15M
- **Deposits at failure:** $33M
- **Assets at failure:** $35M
- **Acquiring bank:** AMERICAN NB OF BRISTOW (BRISTOW, OK)

## Other banks AMERICAN NB OF BRISTOW has acquired in FDIC resolutions

- THE FIRST NAT BANK & TRUST CO. OF CUSHING (CUSHING, OK) — failed 1988-03-10 — /failed-bank/1636
- FIRST STATE BANK (OILTON, OK) — failed 1988-02-11 — /failed-bank/1623

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE CITIZENS BANK (FDIC ID 1520), failed 1987-09-24. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1520.

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