# CITIZENS NATIONAL BANK

> **Failed bank** · DENTON, TX · failed 1990-03-08 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

CITIZENS NATIONAL BANK of DENTON, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $17M
- **Assets at failure:** $16M
- **Acquiring bank:** TEXAS BANK (WEATHERFORD, TX)

## Other banks TEXAS BANK has acquired in FDIC resolutions

- FIRST STATE BANK (BANGS, TX) — failed 1992-01-23 — /failed-bank/3258
- DRIPPING SPRINGS NATIONAL BANK (DRIPPING SPRINGS, TX) — failed 1991-07-12 — /failed-bank/3137
- SOUTHWEST NATIONAL BANK (AUSTIN, TX) — failed 1990-06-28 — /failed-bank/2827
- THE EARLY BANK (EARLY, TX) — failed 1985-10-18 — /failed-bank/1088

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS NATIONAL BANK (FDIC ID 2690), failed 1990-03-08. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2690.

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