Bank failure · TX

Citizens State Bank (Alvarado, TX) — failed April 12, 1969

Citizens State Bank of Alvarado, Texas was closed on April 12, 1969 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $2.6M in assets and $2.3M in deposits.

Closing date: April 12, 1969
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

Other failures in 1969

The First National Bank of Coalville UT
The First State Bank TX
The Big Lake State Bank TX
First National Bank of Ursa IL
The State National Bank TX
The First State Bank TX
The Morrice State Bank MI
The Rocky Mountain Bank CO

What happens when a bank fails