CITIZENS STATE BANK OF EAGLE BEND Failed 1988

EAGLE BEND, MN · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

CITIZENS STATE BANK OF EAGLE BEND of EAGLE BEND, MN was closed on 1988-04-08. The FDIC was named receiver.

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

Deposits were transferred to LAKE COUNTRY STATE BANK (LONG PRAIRIE, MN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1661
FDIC Certificate
15081
FDIC FIN
2804
Bank name
CITIZENS STATE BANK OF EAGLE BEND
Location
EAGLE BEND, MN
Failure date
1988-04-08
FDIC resolution date
1988-04-08
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$2M
Deposits at failure
$10M
Assets at failure
$10M
Acquiring bank
LAKE COUNTRY STATE BANK (LONG PRAIRIE, MN)