Bank failure · KS

Citizens State Bk of Galena (Galena, KS) — failed November 21, 1980

Citizens State Bk of Galena of Galena, Kansas was closed on November 21, 1980 and resolved through a purchase and assumption. Citizens Stb in Galena (KS) took over its insured deposits. At failure it held $10.3M in assets and $9.4M in deposits. The FDIC's estimated loss on the failure is $974K (9.4% of assets).