Data / Bank failures / 2009 / Citizens State Bank
Citizens State Bank, New Baltimore, MI: failed December 18, 2009
Citizens State Bank in New Baltimore, Michigan, failed on December 18, 2009. It held $168.6 million in assets and $157.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $68.2 million (40.4% of its assets). By assets it was the 99th largest of 148 banks closed or assisted in 2009.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- December 18, 2009
- Type
- Failure
- How it was resolved
- Deposit Insurance National Bank: the FDIC ran a temporary bank to pay depositors
- Total assets
- $168,551,000
- Total deposits
- $157,149,000
- Estimated cost to the FDIC
- $68,170,958 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 1006
Other bank failures in Michigan, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Community Central Bank | Mount Clemens | April 29, 2011 | $451.7 million | $371.5 million | $98.6 million | Talmer Bank and Trust |
| Peoples State Bank | Hamtramck | February 11, 2011 | $390.5 million | $389.9 million | $103.1 million | First Michigan Bank |
| Paramount Bank | Farmington Hills | December 10, 2010 | $252.7 million | $213.6 million | $68.6 million | Level One Bank |
| Mainstreet Savings Bank, FSB | Hastings | July 16, 2010 | $96.6 million | $63.3 million | $12.8 million | Commercial Bank |
| New Liberty Bank | Plymouth | May 14, 2010 | $111.2 million | $101.9 million | $23.6 million | Bank of Ann Arbor |
| CF Bancorp | Port Huron | April 30, 2010 | $1.60 billion | $1.42 billion | $340.6 million | First Michigan Bank |
| Lakeside Community Bank | Sterling Heights | April 16, 2010 | $49.2 million | $48.6 million | $21 million | |
| Home Federal Savings Bank | Detroit | November 6, 2009 | $13 million | $12.7 million | $8.6 million | Liberty Bank and Trust Company |
All bank failures in 2009 · All bank failures in Michigan · 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.