# FIRST STATE BANK

> **Failed bank** · DEANVILLE, TX · failed 1989-04-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

FIRST STATE BANK of DEANVILLE, TX was closed by regulators on **1989-04-20**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

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


## Key facts

- **FDIC ID:** 2356
- **FDIC Certificate:** 17020
- **FDIC FIN:** 4007
- **Bank name:** FIRST STATE BANK
- **Location:** DEANVILLE, TX
- **Failure date:** 1989-04-20
- **FDIC resolution date:** 1989-04-20
- **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:** $1M
- **Deposits at failure:** $9M
- **Assets at failure:** $9M
- **Acquiring bank:** CITIZENS STATE BANK (SOMERVILLE, TX)

## Other banks CITIZENS STATE BANK has acquired in FDIC resolutions

- CITIZENS STATE BANK (PRINCETON, TX) — failed 1992-12-10 — /failed-bank/3426
- BURLESON COUNTY SAVINGS ASSOC. (CALDWELL, TX) — failed 1991-05-31 — /failed-bank/3120
- PEOPLES NATIONAL BANK (CALDWELL, TX) — failed 1990-06-21 — /failed-bank/2821
- FIRST-TAYLOR NATIONAL BANK (TAYLOR, TX) — failed 1990-05-17 — /failed-bank/2766
- CITIZENS STATE BANK (HAYFIELD, MN) — failed 1988-01-27 — /failed-bank/1611
- COMMERCIAL STATE BANK (POCAHONTAS, IA) — failed 1986-06-27 — /failed-bank/1218
- THE FIRST NATIONAL BANK OF GORMAN (GORMAN, TX) — failed 1986-02-27 — /failed-bank/1153

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK (FDIC ID 2356), failed 1989-04-20. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/2356.

---

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