Bank Failure
Citizens Bank
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Closed January 24, 1966 · Pottsville, AR .
- Closing date
- January 24, 1966
- Headquarters
- Pottsville, AR
- Total assets at closing
- $832K
- Total deposits at closing
- $774K
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On January 24, 1966, regulators closed Citizens Bank, headquartered in Pottsville, AR. At closing, the institution held approximately $832K in assets and $774K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3139th largest of the 3,526 bank failures in the FDIC record, and the 6th of 7 in 1966. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Citizens Bank fail?
Citizens Bank was closed by regulators on January 24, 1966.
How big was Citizens Bank when it failed?
Citizens Bank had approximately $832K in total assets and $774K in deposits at the time of failure.
Other failures in 1966
| Date | Bank | Assets |
|---|---|---|
| Oct 17, 1966 | First State Bank of Tuscola | $3.3M |
| Oct 12, 1966 | Public Bank | $110.1M |
| Apr 7, 1966 | Bank of Gray Summit | $1.9M |
| Mar 17, 1966 | Saguache County National Bank | $512K |
| Jan 31, 1966 | Blanket State Bank | $1.3M |
| Jan 12, 1966 | Five Points National Bank | $2.7M |
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