# CITIZENS BANK

> **Failed bank** · CLARKSVILLE, TX · failed 1990-09-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

CITIZENS BANK of CLARKSVILLE, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $16M
- **Assets at failure:** $16M
- **Acquiring bank:** STATE BANK OF DEKALB (DE KALB, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS BANK (FDIC ID 2899), failed 1990-09-13. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2899.

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