Data / Bank failures / 1988 / Citizens State Bank
Citizens State Bank, Maud, OK: failed August 18, 1988
Citizens State Bank in Maud, Oklahoma, failed on August 18, 1988. Bank National Assn of McAlester, OK, took over its deposits. It held $11.1 million in assets and $10.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.5 million (22.3% of its assets). By assets it was the 429th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- August 18, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank National Assn, McAlester, OK
- Total assets
- $11,052,000
- Total deposits
- $10,811,000
- Estimated cost to the FDIC
- $2,463,957 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 18506
Other bank failures in Oklahoma, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank | Lexington | December 13, 1990 | $7.5 million | $7.6 million | $882,935 | The McClain County National |
| The Pawnee National Bank (assistance) | Pawnee | September 12, 1990 | $14.2 million | $14.6 million | $2.3 million | The Pawnee National Bank |
| Broken Arrow Savings Assoc. | Broken Arrow | August 24, 1990 | $26.9 million | $23.2 million | $5 million | Metro Bank of Broken Arrow |
| Capitol Bank & Trust | Oklahoma City | August 16, 1990 | $33.1 million | $32.5 million | $4.1 million | First Fidelity Bank, Nation |
| First National Bank | Purcell | July 26, 1990 | $10.9 million | $11.1 million | $1.5 million | McClain County National Ban |
| Bank of Wilson | Wilson | July 26, 1990 | $13 million | $13 million | $1.8 million | American National Bank |
| American National Bank | Elk City | June 28, 1990 | $14.8 million | $14.8 million | $1.4 million | First Community Bank |
| Brookwood National Bank | Oklahoma City | June 28, 1990 | $26.9 million | $26.8 million | $5.6 million | The Liberty National Bank A |
Other failed banks Bank National Assn took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Peoples Bank & Trust Company | Holdenville | OK | January 29, 1987 | $20.2 million | $18.8 million | $5.1 million | Bank National Assn |
| Stillwater Community Bank | Stillwater | OK | October 23, 1986 | $22.6 million | $22.6 million | $7.6 million | Bank National Assn |
All bank failures in 1988 · All bank failures in Oklahoma · Every failed bank Bank National Assn 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.