CITIZENS STATE BANK Failed 1985
What happened
CITIZENS STATE BANK of ARAPAHOE, NE was closed on 1985-03-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARMERS&MERCHANTS BANK (EDISON, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 967
- FDIC Certificate
- 8345
- FDIC FIN
- 2447
- Bank name
- CITIZENS STATE BANK
- Location
- ARAPAHOE, NE
- Failure date
- 1985-03-08
- FDIC resolution date
- 1985-03-08
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $16M
- Assets at failure
- $17M
- Acquiring bank
- FARMERS&MERCHANTS BANK (EDISON, NE)
Other banks FARMERS&MERCHANTS BANK acquired in FDIC resolutions