Bank failure · TX
Citizens National Bank (Teague, TX) — failed October 30, 2009
Citizens National Bank of Teague, Texas was closed on October 30, 2009 and resolved through a purchase and assumption. U.S. Bank, NA (MN) took over its insured deposits. At failure it held $118.2M in assets and $97.6M in deposits. The FDIC's estimated loss on the failure is $5.8M (4.9% of assets).
- Closing date
- October 30, 2009
- FDIC certificate #
- 25222
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- U.S. Bank, NA
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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