The Graveyard › Banks › 1991
Citadel Bank
Willis, TX · failed March 21, 1991 · FDIC certificate 10331
Citadel Bank of Willis, TX failed on March 21, 1991. It opened on December 20, 1916, 74 years before. At its last report before that it held $21.9 million in assets and $21.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $41.0 million. The FDIC estimates that the Bank Insurance Fund lost $5.7 million on it.
1984-031990-12
Assets at the end$21.9 millionlast report before March 21, 1991
Deposits at the end$21.6 million
Estimated loss to the fund$5.7 millionBIF
Largest in the quarterly reports$41.0 millionDecember 31, 1987
Equity to assets-0.1%December 31, 1990
Loans not being repaid13.8%noncurrent, December 31, 1990
Return on assets-3.33%a year's rate, December 31, 1990
Staff22full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.