Bank Failure
Citizens State Bank
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Closed June 28, 1976 · Carrizo Springs, TX · FDIC Cert #11548.
- Closing date
- June 28, 1976
- Headquarters
- Carrizo Springs, TX
- FDIC Certificate
- 11548
- Total assets at closing
- $17.4M
- Total deposits at closing
- $15.9M
- 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 June 28, 1976, regulators closed Citizens State Bank, headquartered in Carrizo Springs, TX. At closing, the institution held approximately $17.4M in assets and $15.9M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 2443rd largest of the 3,526 bank failures in the FDIC record, and the 8th of 16 in 1976. 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 June 28, 1976.
How big was Citizens State Bank when it failed?
Citizens State Bank had approximately $17.4M in total assets and $15.9M in deposits at the time of failure.
Other failures in 1976
| Date | Bank | Assets |
|---|---|---|
| Dec 3, 1976 | International City Bank and Trust Company | $176.3M |
| Nov 19, 1976 | First State Bank & Trust Co. | $13.8M |
| Oct 19, 1976 | Centennial Bank | $13.7M |
| Oct 8, 1976 | The Hamilton Bank and Trust Company | $40.1M |
| Sep 15, 1976 | American Bank & Trust Company | $224.5M |
| Sep 14, 1976 | The New Boston Bank and Trust Company | $6.7M |
| Jun 25, 1976 | Coronado National Bank | $2.6M |
| Jun 25, 1976 | MT. Zion Deposit Bank | $507K |
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