Bank Failure
Citizens State Bank
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Closed April 12, 1969 · Alvarado, TX .
- Closing date
- April 12, 1969
- Headquarters
- Alvarado, TX
- Total assets at closing
- $2.6M
- Total deposits at closing
- $2.3M
- 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 April 12, 1969, regulators closed Citizens State Bank, headquartered in Alvarado, TX. At closing, the institution held approximately $2.6M in assets and $2.3M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3075th largest of the 3,526 bank failures in the FDIC record, and the 6th of 9 in 1969. 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 State Bank fail?
Citizens State Bank was closed by regulators on April 12, 1969.
How big was Citizens State Bank when it failed?
Citizens State Bank had approximately $2.6M in total assets and $2.3M in deposits at the time of failure.
Other failures in 1969
| Date | Bank | Assets |
|---|---|---|
| Oct 10, 1969 | The First National Bank of Coalville | $6.6M |
| Sep 5, 1969 | The First State Bank | $11.4M |
| Aug 22, 1969 | The Big Lake State Bank | $4.8M |
| Aug 20, 1969 | First National Bank of Ursa | $2.1M |
| May 28, 1969 | The State National Bank | $4.1M |
| May 12, 1969 | The First State Bank | $1.1M |
| May 6, 1969 | The Morrice State Bank | $2.3M |
| Feb 6, 1969 | The Rocky Mountain Bank | $8.6M |
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