# CITIZENS SECURITY BANK

> **Failed bank** · BORGER, TX · failed 1991-03-22 · Savings bank · FDIC cost $6M

## What happened

CITIZENS SECURITY BANK of BORGER, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $28M
- **Assets at failure:** $34M
- **Acquiring bank:** AMARILLO NB (AMARILLO, TX)

## Other banks AMARILLO NB has acquired in FDIC resolutions

- FIRST FSA (BORGER, TX) — failed 1990-05-18 — /failed-bank/2771

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS SECURITY BANK (FDIC ID 3052), failed 1991-03-22. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3052.

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