CITIZENS NATIONAL BANK Failed 1991

What happened

CITIZENS NATIONAL BANK of LIMON, CO was closed on 1991-03-29. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to FIRST NATIONAL BANK OF LIMO (LIMON, CO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3057

FDIC Certificate

24043

FDIC FIN

4338

Bank name

CITIZENS NATIONAL BANK

Location

LIMON, CO

Failure date

1991-03-29

FDIC resolution date

1991-03-29

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$3M

Deposits at failure

$11M

Assets at failure

$11M

Acquiring bank

FIRST NATIONAL BANK OF LIMO (LIMON, CO)