Bank failure · GA

The Citizens Bank (Dallas, GA) — failed January 10, 1992

The Citizens Bank of Dallas, Georgia was closed on January 10, 1992 and resolved through a insured deposit transfer. First Nb of Paulding Cou (GA) took over its insured deposits. At failure it held $60.6M in assets and $59.1M in deposits. The FDIC's estimated loss on the failure is $12.7M (21.0% of assets).