Bank failure · TX
The Citizens State Bank (Donna, TX) — failed November 6, 1986
The Citizens State Bank of Donna, Texas was closed on November 6, 1986 and resolved through a purchase and assumption. Raymondville State Bank (TX) took over its insured deposits. At failure it held $27.5M in assets and $27.8M in deposits. The FDIC's estimated loss on the failure is $6.9M (25.2% of assets).
- Closing date
- November 6, 1986
- FDIC certificate #
- 12998
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Raymondville State Bank
- Insurance fund
- FDIC
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