CITADEL BANK Failed 1991
What happened
CITADEL BANK of WILLIS, TX was closed on 1991-03-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TOMBALL NATIONAL BANK (TOMBALL, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3045
- FDIC Certificate
- 10331
- FDIC FIN
- 4334
- Bank name
- CITADEL BANK
- Location
- WILLIS, TX
- Failure date
- 1991-03-21
- FDIC resolution date
- 1991-03-21
- 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.)
- $6M
- Deposits at failure
- $22M
- Assets at failure
- $22M
- Acquiring bank
- TOMBALL NATIONAL BANK (TOMBALL, TX)
Other banks TOMBALL NATIONAL BANK acquired in FDIC resolutions