CITIZENS SECURITY BANK Failed 1991
What happened
CITIZENS SECURITY BANK of BORGER, TX was closed on 1991-03-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMARILLO NB (AMARILLO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3052
- FDIC Certificate
- 32175
- FDIC FIN
- 7403
- Bank name
- CITIZENS SECURITY BANK
- Location
- BORGER, TX
- Failure date
- 1991-03-22
- FDIC resolution date
- 1991-08-16
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $28M
- Assets at failure
- $34M
- Acquiring bank
- AMARILLO NB (AMARILLO, TX)
Other banks AMARILLO NB acquired in FDIC resolutions