The Graveyard › Banks › 1988
Citizens State Bank
Maud, OK · failed August 18, 1988 · FDIC certificate 18506
Citizens State Bank of Maud, OK failed on August 18, 1988. It opened on April 26, 1962, 26 years before. At its last report before that it held $11.1 million in assets and $10.8 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $2.5 million on it.
1984-031988-06
Assets at the end$11.1 millionlast report before August 18, 1988
Deposits at the end$10.8 million
Estimated loss to the fund$2.5 millionFDIC
Equity to assets1.5%June 30, 1988
Loans not being repaid12.2%noncurrent, June 30, 1988
Return on assets-5.81%a year's rate, June 30, 1988
Staff12full time, June 30, 1988
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.