CITIZENS STATE BANK Failed 1989
What happened
CITIZENS STATE BANK of EARTH, TX was closed on 1989-01-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE FIRST STATE BANK OF DIM (DIMMIT, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2077
- FDIC Certificate
- 17063
- FDIC FIN
- 2962
- Bank name
- CITIZENS STATE BANK
- Location
- EARTH, TX
- Failure date
- 1989-01-26
- FDIC resolution date
- 1989-01-26
- 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.)
- $4M
- Deposits at failure
- $15M
- Assets at failure
- $16M
- Acquiring bank
- THE FIRST STATE BANK OF DIM (DIMMIT, TX)