Bank failure · OK

Citizens State Bank (Maud, OK) — failed August 18, 1988

Citizens State Bank of Maud, Oklahoma was closed on August 18, 1988 and resolved through a purchase and assumption. Bank National Assn (OK) took over its insured deposits. At failure it held $11.1M in assets and $10.8M in deposits. The FDIC's estimated loss on the failure is $2.5M (22.3% of assets).