CITIZENS BANK Failed 1990
What happened
CITIZENS BANK of CLARKSVILLE, TX was closed on 1990-09-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to STATE BANK OF DEKALB (DE KALB, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2899
- FDIC Certificate
- 25872
- FDIC FIN
- 4271
- Bank name
- CITIZENS BANK
- Location
- CLARKSVILLE, TX
- Failure date
- 1990-09-13
- FDIC resolution date
- 1990-09-13
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $16M
- Assets at failure
- $16M
- Acquiring bank
- STATE BANK OF DEKALB (DE KALB, TX)