# THE CITIZENS BANK OF PAGOSA SPRINGS

> **Failed bank** · PAGOSA SPRINGS, CO · failed 1991-10-25 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

THE CITIZENS BANK OF PAGOSA SPRINGS of PAGOSA SPRINGS, CO was closed by regulators on **1991-10-25**. The FDIC was named receiver.

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

Deposits were transferred to **CITIZENS BANK OF PAGOSA SPR** (PAGOSA SPRINGS, CO). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3224
- **FDIC Certificate:** 10413
- **FDIC FIN:** 4418
- **Bank name:** THE CITIZENS BANK OF PAGOSA SPRINGS
- **Location:** PAGOSA SPRINGS, CO
- **Failure date:** 1991-10-25
- **FDIC resolution date:** 1991-10-25
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $17M
- **Assets at failure:** $17M
- **Acquiring bank:** CITIZENS BANK OF PAGOSA SPR (PAGOSA SPRINGS, CO)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE CITIZENS BANK OF PAGOSA SPRINGS (FDIC ID 3224), failed 1991-10-25. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3224.

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