CITIZENS STATE BANK Failed 1988
What happened
CITIZENS STATE BANK of MAUD, OK was closed on 1988-08-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK NATIONAL ASSN (MCALESTER, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1858
- FDIC Certificate
- 18506
- FDIC FIN
- 2895
- Bank name
- CITIZENS STATE BANK
- Location
- MAUD, OK
- Failure date
- 1988-08-18
- FDIC resolution date
- 1988-08-18
- 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
- $11M
- Assets at failure
- $11M
- Acquiring bank
- BANK NATIONAL ASSN (MCALESTER, OK)
Other banks BANK NATIONAL ASSN acquired in FDIC resolutions