The Graveyard › Banks › 1988

Citizens State Bank

Hayfield · assisted January 27, 1988 · FDIC certificate 10957

Citizens State Bank of Hayfield was given assistance by the FDIC on January 27, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on June 10, 1910, 77 years before. At its last report before that it held $28.0 million in assets and $28.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $35.5 million. The FDIC estimates that the FDIC's insurance fund lost $783,034 on it.

1984-031987-12

Assets at the end$28.0 millionlast report before January 27, 1988

Deposits at the end$28.6 million

Estimated loss to the fund$783,034FDIC

Largest in the quarterly reports$35.5 millionJune 30, 1986

Equity to assets-3.0%December 31, 1987

Loans not being repaid24.7%noncurrent, December 31, 1987

Return on assets-5.26%a year's rate, December 31, 1987

Staff19full time, December 31, 1987

Could you have seen it coming? Play Black Monday

Also ended in 1988

American S&LA · Stockton · $30.2 billion in assets · assisted
First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
Gibraltar SA · Houston · $6.5 billion in assets · assisted
United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
First Texas Savings Association · Dallas · $3.1 billion in assets · assisted

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.