# CITIZENS STATE BANK

> **Failed bank** · HAYFIELD, MN · failed 1988-01-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

CITIZENS STATE BANK of HAYFIELD, MN was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $29M
- **Assets at failure:** $28M
- **Acquiring bank:** CITIZENS STATE BANK (HAYFIELD, MN)

## Other banks CITIZENS STATE BANK has acquired in FDIC resolutions

- CITIZENS STATE BANK (PRINCETON, TX) — failed 1992-12-10 — /failed-bank/3426
- BURLESON COUNTY SAVINGS ASSOC. (CALDWELL, TX) — failed 1991-05-31 — /failed-bank/3120
- PEOPLES NATIONAL BANK (CALDWELL, TX) — failed 1990-06-21 — /failed-bank/2821
- FIRST-TAYLOR NATIONAL BANK (TAYLOR, TX) — failed 1990-05-17 — /failed-bank/2766
- FIRST STATE BANK (DEANVILLE, TX) — failed 1989-04-20 — /failed-bank/2356
- COMMERCIAL STATE BANK (POCAHONTAS, IA) — failed 1986-06-27 — /failed-bank/1218
- THE FIRST NATIONAL BANK OF GORMAN (GORMAN, TX) — failed 1986-02-27 — /failed-bank/1153

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS STATE BANK (FDIC ID 1611), failed 1988-01-27. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/1611.

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