The Graveyard › Banks › 2023
Citizens Bank
Sac City, IA · failed November 3, 2023 · FDIC certificate 8758
Citizens Bank of Sac City, IA failed on November 3, 2023. It opened on February 8, 1929, 94 years before. At its last report before that it held $60.4 million in assets and $52.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2022, it held $67.1 million. The FDIC estimates that the Deposit Insurance Fund lost $12.5 million on it.
1984-032023-09
Assets at the end$60.4 millionlast report before November 3, 2023
Deposits at the end$52.3 million
Estimated loss to the fund$12.5 millionDIF
Largest in the quarterly reports$67.1 millionSeptember 30, 2022
Equity to assets-4.5%September 30, 2023
Loans not being repaid9.6%noncurrent, September 30, 2023
Return on assets-10.00%a year's rate, September 30, 2023
Staff10full time, September 30, 2023
Also ended in 2023
- First Republic Bank · San Francisco, CA · $212.6 billion in assets
- Silicon Valley Bank · Santa Clara, CA · $209.0 billion in assets
- Signature Bank · New York, NY · $110.4 billion in assets
- Heartland Tri-State Bank · Elkhart, KS · $139.4 million 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.