Bank failure · TX
Citizens Bank (Clarksville, TX) — failed September 13, 1990
Citizens Bank of Clarksville, Texas was closed on September 13, 1990 and resolved through a purchase and assumption. State Bank of Dekalb (TX) took over its insured deposits. At failure it held $15.9M in assets and $16.0M in deposits. The FDIC's estimated loss on the failure is $1.6M (10.4% of assets).
- Closing date
- September 13, 1990
- FDIC certificate #
- 25872
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- State Bank of Dekalb
- Insurance fund
- BIF
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