Data / Bank failures / 1992 / The Citizens Bank
The Citizens Bank, Dallas, GA: failed January 10, 1992
The Citizens Bank in Dallas, Georgia, failed on January 10, 1992. First NB of Paulding Cou of Dallas, GA, took over its deposits. It held $60.6 million in assets and $59.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $12.7 million (21% of its assets). By assets it was the 110th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- January 10, 1992
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- First NB of Paulding Cou, Dallas, GA
- Total assets
- $60,568,000
- Total deposits
- $59,063,000
- Estimated cost to the FDIC
- $12,692,210 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 18720
Other bank failures in Georgia, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FSB of Georgia, FA | Winder | November 6, 1992 | $108.2 million | $97.5 million | $4.4 million | |
| Southern Fsa of Georgia | Atlanta | July 10, 1992 | $160 million | $151.4 million | $8.4 million | |
| First Community Bank of Cherokee | Woodstock | March 31, 1992 | $35.6 million | $33.7 million | $6.9 million | Etowah Bank |
| Cobb Fsa | Marietta | November 8, 1991 | $83.2 million | $82.8 million | $25.5 million | First Union NB of Ga |
| United FS & La | Smyrna | May 31, 1991 | $119.3 million | $106 million | $11 million | |
| Guaranty Fsa | Warner Robins | May 10, 1991 | $25.6 million | $23.6 million | $9.8 million | Crossroads Bank of Ga |
| First Federal SB, FSB | Ashburn | April 5, 1991 | $30.2 million | $30.6 million | $2.7 million | |
| The Federal SB, FSB | Swainsboro | March 22, 1991 | $150.9 million | $131.2 million | $46.3 million |
All bank failures in 1992 · All bank failures in Georgia · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.