CITIZENS NATIONAL BANK OF WALNUT RIDGE Failed 1990
What happened
CITIZENS NATIONAL BANK OF WALNUT RIDGE of WALNUT RIDGE, AR was closed on 1990-02-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE LAWRENCE COUNTY BANK (PORTIA, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2639
- FDIC Certificate
- 16816
- FDIC FIN
- 4148
- Bank name
- CITIZENS NATIONAL BANK OF WALNUT RIDGE
- Location
- WALNUT RIDGE, AR
- Failure date
- 1990-02-02
- FDIC resolution date
- 1990-02-02
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $34M
- Assets at failure
- $38M
- Acquiring bank
- THE LAWRENCE COUNTY BANK (PORTIA, AR)