# CITIZENS NATIONAL BANK AND TRUST

> **Failed bank** · CHICAGO, IL · failed 1991-01-29 · National commercial bank (OCC-chartered) · FDIC cost $3M

## What happened

CITIZENS NATIONAL BANK AND TRUST of CHICAGO, IL was closed by the OCC on **1991-01-29**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST BANK OF OAK PARK** (OAK PARK, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3002
- **FDIC Certificate:** 16428
- **FDIC FIN:** 4316
- **Bank name:** CITIZENS NATIONAL BANK AND TRUST
- **Location:** CHICAGO, IL
- **Failure date:** 1991-01-29
- **FDIC resolution date:** 1991-01-29
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $19M
- **Assets at failure:** $19M
- **Acquiring bank:** FIRST BANK OF OAK PARK (OAK PARK, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS NATIONAL BANK AND TRUST (FDIC ID 3002), failed 1991-01-29. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3002.

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