# CITIZENS BANK OF KREBS

> **Failed bank** · KREBS, OK · failed 1987-10-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $5M

## What happened

CITIZENS BANK OF KREBS of KREBS, OK was closed by regulators on **1987-10-08**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NB&T CO OF MCALEST** (MCALESTER, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1532
- **FDIC Certificate:** 2309
- **FDIC FIN:** 5910
- **Bank name:** CITIZENS BANK OF KREBS
- **Location:** KREBS, OK
- **Failure date:** 1987-10-08
- **FDIC resolution date:** 1987-10-08
- **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:** $5M
- **Deposits at failure:** $14M
- **Assets at failure:** $15M
- **Acquiring bank:** FIRST NB&T CO OF MCALEST (MCALESTER, OK)

## Other banks FIRST NB&T CO OF MCALEST has acquired in FDIC resolutions

- UNITED SERVICES BANK (HARTSHORNE, OK) — failed 1987-10-08 — /failed-bank/1533

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS BANK OF KREBS (FDIC ID 1532), failed 1987-10-08. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/failed-bank/1532.

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