CITIZENS NATIONAL BANK Failed 1990
What happened
CITIZENS NATIONAL BANK of EL CAMPO, TX was closed on 1990-08-30. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST BANK (EDNA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2886
- FDIC Certificate
- 25301
- FDIC FIN
- 4268
- Bank name
- CITIZENS NATIONAL BANK
- Location
- EL CAMPO, TX
- Failure date
- 1990-08-30
- FDIC resolution date
- 1990-08-30
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $53M
- Assets at failure
- $51M
- Acquiring bank
- FIRST BANK (EDNA, TX)
Other banks FIRST BANK acquired in FDIC resolutions
- THE BANK OF ASHEVILLE (ASHEVILLE, NC) — failed 2011-01-21
- COOPERATIVE BANK (WILMINGTON, NC) — failed 2009-06-19
- BUCHEL BANK & TRUST CO. (CUERO, TX) — failed 1991-08-22
- FARMERS STATE BANK OF MADISONVILLLE (MADISONVILLE, TX) — failed 1990-11-29
- FARMERS STATE BANK OF BROOKSHIRE (BROOKSHIRE, TX) — failed 1990-05-24
- FARMERS STATE BANK (SCHULENBERG, TX) — failed 1990-03-08
- FIRST STATE BANK OF MCKINNEY (MCKINNEY, TX) — failed 1989-08-17
- KATY NATIONAL BANK (KATY, TX) — failed 1989-05-04
- FIRST CAPITOL BANK (WEST COLUMBIA, TX) — failed 1988-07-28
- THE FIRST NATIONAL BANK OF NAVASOTA (NAVASOTA, TX) — failed 1987-08-13