# CITIZENS STATE BANK OF EAGLE BEND

> **Failed bank** · EAGLE BEND, MN · failed 1988-04-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

CITIZENS STATE BANK OF EAGLE BEND of EAGLE BEND, MN was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $10M
- **Assets at failure:** $10M
- **Acquiring bank:** LAKE COUNTRY STATE BANK (LONG PRAIRIE, MN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS STATE BANK OF EAGLE BEND (FDIC ID 1661), failed 1988-04-08. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/1661.

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