Bank Failure
Citizens State Bank of El Dorado
BankRegReports is independent of Citizens State Bank of El Dorado and never asks for online banking logins or passwords.
Closed July 25, 1985 · El Dorado, KS · FDIC Cert #12423.
- Closing date
- July 25, 1985
- Headquarters
- El Dorado, KS
- FDIC Certificate
- 12423
- Total assets (last filing before closing)
- $31.2M
- Total deposits (last filing before closing)
- $29.5M
- Estimated loss to the insurance fund
- $1.5M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- National Bank of El Dora
Context
On July 25, 1985, regulators closed Citizens State Bank of El Dorado, headquartered in El Dorado, KS. At closing, the institution held approximately $31.2M in assets and $29.5M in deposits. The FDIC record names National Bank of El Dora as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $1.5M.
By total assets in its last filing before closing, this is the 2024th largest of the 3,526 bank failures in the FDIC record, and the 51st of 139 in 1985. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing, in nominal dollars, and can differ from the balance on the closing day.
Common questions
When did Citizens State Bank of El Dorado fail?
Citizens State Bank of El Dorado was closed by regulators on July 25, 1985.
Who acquired Citizens State Bank of El Dorado?
The FDIC record names National Bank of El Dora as the acquiring institution in the resolution of Citizens State Bank of El Dorado.
How big was Citizens State Bank of El Dorado when it failed?
Citizens State Bank of El Dorado had approximately $31.2M in total assets and $29.5M in deposits at the time of failure.
Other failures in 1985
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1985 | First City Bank | $35.8M |
| Dec 20, 1985 | State Bank of Frost | $7.7M |
| Dec 19, 1985 | Princeton State Bank | $18.4M |
| Dec 19, 1985 | Farmers State Bank | $12.5M |
| Dec 19, 1985 | Bank of Panama | $4.4M |
| Dec 19, 1985 | Farmers & Merchants Bank | $3.3M |
| Dec 13, 1985 | The First National Bank in Lincoln County | $32.0M |
| Dec 13, 1985 | Lake National Bank | $19.8M |
Explore: all failures · KS bank events · Bank failures in Kansas · 1985 events · events hub