Data / Bank failures / 2009 / Citizens National Bank
Citizens National Bank, Teague, TX: failed October 30, 2009
Citizens National Bank in Teague, Texas, failed on October 30, 2009. U.S. Bank, NA of Minneapolis, MN, took over its deposits. It held $118.2 million in assets and $97.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.8 million (4.9% of its assets). By assets it was the 117th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- October 30, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- U.S. Bank, NA, Minneapolis, MN
- Total assets
- $118,236,000
- Total deposits
- $97,590,000
- Estimated cost to the FDIC
- $5,846,262 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 25222
Other bank failures in Texas, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First International Bank | Plano | September 30, 2011 | $239.9 million | $208.8 million | $58 million | American First National Bank |
| The La Coste National Bank | La Coste | February 19, 2010 | $53.9 million | $49.3 million | $5.7 million | Community National Bank |
| Madisonville State Bank | Madisonville | October 30, 2009 | $256.3 million | $224.7 million | U.S. Bank, NA | |
| North Houston Bank | Houston | October 30, 2009 | $325.5 million | $307.2 million | $12 million | U.S. Bank, NA |
| Guaranty Bank | Austin | August 21, 2009 | $13.46 billion | $11.98 billion | Compass Bank | |
| Millennium State Bank of Texas | Dallas | July 2, 2009 | $118.6 million | $115.5 million | $52.7 million | State Bank of Texas |
| Sanderson State Bank | Sanderson | December 12, 2008 | $38.2 million | $32 million | $7.7 million | The Pecos County Bank |
| Franklin Bank, SSB | Houston | November 7, 2008 | $5.09 billion | $3.69 billion | $614.1 million | Prosperity Bank |
Other failed banks U.S. Bank, NA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Community Bank of Lemont | Lemont | IL | October 30, 2009 | $81.8 million | $80.7 million | $25.9 million | U.S. Bank, NA |
| California National Bank | Los Angeles | CA | October 30, 2009 | $7.78 billion | $6.15 billion | $182 million | U.S. Bank, NA |
| Madisonville State Bank | Madisonville | TX | October 30, 2009 | $256.3 million | $224.7 million | U.S. Bank, NA | |
| Bank USA, NA | Phoenix | AZ | October 30, 2009 | $213.2 million | $170.7 million | $11.7 million | U.S. Bank, NA |
| Pacific National Bank | San Francisco | CA | October 30, 2009 | $2.32 billion | $1.76 billion | $58.6 million | U.S. Bank, NA |
| San Diego National Bank | San Diego | CA | October 30, 2009 | $3.59 billion | $2.89 billion | $36.4 million | U.S. Bank, NA |
| North Houston Bank | Houston | TX | October 30, 2009 | $325.5 million | $307.2 million | $12 million | U.S. Bank, NA |
| Park National Bank | Chicago | IL | October 30, 2009 | $4.68 billion | $3.72 billion | $2.8 million | U.S. Bank, NA |
All bank failures in 2009 · All bank failures in Texas · Every failed bank U.S. Bank, NA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.