# CITIZENS BANK OF RAY

> **Failed bank** · RAY, ND · failed 1987-10-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

CITIZENS BANK OF RAY of RAY, ND was closed by regulators on **1987-10-15**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NB&T CO OF WILLIST** (WILLISTON, ND). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1535
- **FDIC Certificate:** 10252
- **FDIC FIN:** 2738
- **Bank name:** CITIZENS BANK OF RAY
- **Location:** RAY, ND
- **Failure date:** 1987-10-15
- **FDIC resolution date:** 1987-10-15
- **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:** $2M
- **Deposits at failure:** $11M
- **Assets at failure:** $12M
- **Acquiring bank:** FIRST NB&T CO OF WILLIST (WILLISTON, ND)

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

- WILLISTON BASIN STATE BANK (WILLISTON, ND) — failed 1988-01-21 — /failed-bank/1607

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS BANK OF RAY (FDIC ID 1535), failed 1987-10-15. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/failed-bank/1535.

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