Bank failure · TX

Citadel Bank (Willis, TX) — failed March 21, 1991

Citadel Bank of Willis, Texas was closed on March 21, 1991 and resolved through a purchase and assumption. Tomball National Bank (TX) took over its insured deposits. At failure it held $21.9M in assets and $21.6M in deposits. The FDIC's estimated loss on the failure is $5.7M (26.1% of assets).