Bank failure · TX

Citizens Security Bank (Borger, TX) — failed March 22, 1991

Citizens Security Bank of Borger, Texas was closed on March 22, 1991 and resolved through a purchase and assumption. Amarillo Nb (TX) took over its insured deposits. At failure it held $34.1M in assets and $28.2M in deposits. The FDIC's estimated loss on the failure is $6.2M (18.1% of assets).