# CITIZENS STATE BANK

> **Failed bank** · MAUD, OK · failed 1988-08-18 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

CITIZENS STATE BANK of MAUD, OK was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $11M
- **Assets at failure:** $11M
- **Acquiring bank:** BANK NATIONAL ASSN (MCALESTER, OK)

## Other banks BANK NATIONAL ASSN has acquired in FDIC resolutions

- PEOPLES BANK & TRUST COMPANY (HOLDENVILLE, OK) — failed 1987-01-29 — /failed-bank/1351
- STILLWATER COMMUNITY BANK (STILLWATER, OK) — failed 1986-10-23 — /failed-bank/1292

## 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 1858), failed 1988-08-18. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/1858.

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