CITIZENS STATE BANK Failed 1988

What happened

CITIZENS STATE BANK of HAYFIELD, MN was closed on 1988-01-27. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to CITIZENS STATE BANK (HAYFIELD, MN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1611

FDIC Certificate

10957

FDIC FIN

1946

Bank name

CITIZENS STATE BANK

Location

HAYFIELD, MN

Failure date

1988-01-27

FDIC resolution date

1988-01-27

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

A/A

FDIC DIF cost (est.)

$1M

Deposits at failure

$29M

Assets at failure

$28M

Acquiring bank

CITIZENS STATE BANK (HAYFIELD, MN)

Other banks CITIZENS STATE BANK acquired in FDIC resolutions

• CITIZENS STATE BANK (PRINCETON, TX) — failed 1992-12-10
• BURLESON COUNTY SAVINGS ASSOC. (CALDWELL, TX) — failed 1991-05-31
• PEOPLES NATIONAL BANK (CALDWELL, TX) — failed 1990-06-21
• FIRST-TAYLOR NATIONAL BANK (TAYLOR, TX) — failed 1990-05-17
• FIRST STATE BANK (DEANVILLE, TX) — failed 1989-04-20
• COMMERCIAL STATE BANK (POCAHONTAS, IA) — failed 1986-06-27
• THE FIRST NATIONAL BANK OF GORMAN (GORMAN, TX) — failed 1986-02-27