# CITIZENS NATIONAL BANK

> **Failed bank** · TEAGUE, TX · failed 2009-10-30 · National commercial bank (OCC-chartered) · FDIC cost $6M

## What happened

CITIZENS NATIONAL BANK of TEAGUE, TX was closed by the OCC on **2009-10-30**. The FDIC was named receiver.

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

Deposits were transferred to **U.S. BANK, NA** (MINNEAPOLIS, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3703
- **FDIC Certificate:** 25222
- **FDIC FIN:** 10141
- **Bank name:** CITIZENS NATIONAL BANK
- **Location:** TEAGUE, TX
- **Failure date:** 2009-10-30
- **FDIC resolution date:** 2009-10-30
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $98M
- **Assets at failure:** $118M
- **Acquiring bank:** U.S. BANK, NA (MINNEAPOLIS, MN)

## Other banks U.S. BANK, NA has acquired in FDIC resolutions

- COMMUNITY BANK OF LEMONT (LEMONT, IL) — failed 2009-10-30 — /failed-bank/3708
- CALIFORNIA NATIONAL BANK (LOS ANGELES, CA) — failed 2009-10-30 — /failed-bank/3707
- MADISONVILLE STATE BANK (MADISONVILLE, TX) — failed 2009-10-30 — /failed-bank/3706
- BANK USA, NA (PHOENIX, AZ) — failed 2009-10-30 — /failed-bank/3705
- PACIFIC NATIONAL BANK (SAN FRANCISCO, CA) — failed 2009-10-30 — /failed-bank/3704
- SAN DIEGO NATIONAL BANK (SAN DIEGO, CA) — failed 2009-10-30 — /failed-bank/3702
- NORTH HOUSTON BANK (HOUSTON, TX) — failed 2009-10-30 — /failed-bank/3701
- PARK NATIONAL BANK (CHICAGO, IL) — failed 2009-10-30 — /failed-bank/3700
- DOWNEY SAVINGS AND LOAN ASSOCIATION, F.A. (NEWPORT BEACH, CA) — failed 2008-11-21 — /failed-bank/3577
- PFF BANK & TRUST (POMONA, CA) — failed 2008-11-21 — /failed-bank/3576

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS NATIONAL BANK (FDIC ID 3703), failed 2009-10-30. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3703.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*