Bank failure · TX
Citizens State Bank (Earth, TX) — failed January 26, 1989
Citizens State Bank of Earth, Texas was closed on January 26, 1989 and resolved through a purchase and assumption. The First State Bank of Dim (TX) took over its insured deposits. At failure it held $15.6M in assets and $14.9M in deposits. The FDIC's estimated loss on the failure is $4.3M (27.5% of assets).
- Closing date
- January 26, 1989
- FDIC certificate #
- 17063
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First State Bank of Dim
- Insurance fund
- FDIC
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