CITIZENS NATIONAL BANK OF KILLEEN Failed 1989

What happened

CITIZENS NATIONAL BANK OF KILLEEN of KILLEEN, TX was closed on 1989-08-17. The FDIC was named receiver.

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

Deposits were transferred to FIRST NATIONAL BANK OF TEMP (TEMPLE, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2484

FDIC Certificate

23536

FDIC FIN

4067

Bank name

CITIZENS NATIONAL BANK OF KILLEEN

Location

KILLEEN, TX

Failure date

1989-08-17

FDIC resolution date

1989-08-17

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$4M

Deposits at failure

$37M

Assets at failure

$35M

Acquiring bank

FIRST NATIONAL BANK OF TEMP (TEMPLE, TX)