CITIZENS NATIONAL BANK Failed 1990
What happened
CITIZENS NATIONAL BANK of DENTON, TX was closed on 1990-03-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS BANK (WEATHERFORD, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2690
- FDIC Certificate
- 22405
- FDIC FIN
- 4162
- Bank name
- CITIZENS NATIONAL BANK
- Location
- DENTON, TX
- Failure date
- 1990-03-08
- FDIC resolution date
- 1990-03-08
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $17M
- Assets at failure
- $16M
- Acquiring bank
- TEXAS BANK (WEATHERFORD, TX)
Other banks TEXAS BANK acquired in FDIC resolutions