# RUSK FED. S & L ASSOC.

> **Failed bank** · RUSK, TX · failed 1989-03-16 · SL · FDIC cost $25M

## What happened

RUSK FED. S & L ASSOC. of RUSK, TX was closed by state regulators on **1989-03-16**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **CITIZENS BANK** (RUSK, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2235
- **FDIC Certificate:** 29038
- **FDIC FIN:** 7113
- **Bank name:** RUSK FED. S & L ASSOC.
- **Location:** RUSK, TX
- **Failure date:** 1989-03-16
- **FDIC resolution date:** 1990-06-29
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $47M
- **Assets at failure:** $45M
- **Acquiring bank:** CITIZENS BANK (RUSK, TX)

## Other banks CITIZENS BANK has acquired in FDIC resolutions

- SILVER FALLS BANK (SILVERTON, OR) — failed 2009-02-20 — /failed-bank/3607
- HARTFORD-CARLISLE SB (CARLISLE, IA) — failed 2000-01-14 — /failed-bank/3524
- FIRST CITY, TEXAS - KOUNTZE, NA (KOUNTZE, TX) — failed 1992-10-30 — /failed-bank/3401
- FIRST CITY, TEXAS - SOUR LAKE (SOUR LAKE, TX) — failed 1992-10-30 — /failed-bank/3396
- THE FIRST NATIONAL BANK OF YORKTOWN (YORKTOWN, TX) — failed 1992-09-10 — /failed-bank/3372
- FIRST SOUTHWEST FS & LA (TYLER, TX) — failed 1990-11-30 — /failed-bank/2952
- FIRST FSA OF NACOGDOCHES (NACOGDOCHES, TX) — failed 1990-11-30 — /failed-bank/2946
- THE FIRST NATIONAL BANK OF LEVELLAND (LEVELLAND, TX) — failed 1990-08-30 — /failed-bank/2882
- TIMBERLAND FSA (NACOGDOCHES, TX) — failed 1989-03-16 — /failed-bank/2259
- FIRST NATIONAL BANK IN CENTER (CENTER, TX) — failed 1988-12-15 — /failed-bank/2004

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=RUSK%20FED.%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, RUSK FED. S & L ASSOC. (FDIC ID 2235), failed 1989-03-16. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2235.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*