# CITIZENS COMMUNITY BANK

> **Failed bank** · RIDGEWOOD, NJ · failed 2009-05-01 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $18M

## What happened

CITIZENS COMMUNITY BANK of RIDGEWOOD, NJ was closed by regulators on **2009-05-01**. The FDIC was named receiver.

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

Deposits were transferred to **NORTH JERSEY COMMUNITY BANK** (ENGLEWOOD CLIFFS, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3625
- **FDIC Certificate:** 57563
- **FDIC FIN:** 10058
- **Bank name:** CITIZENS COMMUNITY BANK
- **Location:** RIDGEWOOD, NJ
- **Failure date:** 2009-05-01
- **FDIC resolution date:** 2009-05-01
- **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:** $18M
- **Deposits at failure:** $41M
- **Assets at failure:** $41M
- **Acquiring bank:** NORTH JERSEY COMMUNITY BANK (ENGLEWOOD CLIFFS, NJ)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS COMMUNITY BANK (FDIC ID 3625), failed 2009-05-01. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/3625.

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