Each depositor insured to at least $250,000 per insured bank

1. Introduction
2. Press Release
3. Is My Account Fully Insured?
4. Deposit Insurance National Bank
5. Question and Answer Guide
6. Banking Services
7. Loan Customers
8. Possible Claims Against the Failed Institution
9. Priority of Claims
10. Dividend Information
11. Brokered Deposits
12. Purchase and Assumption Agreement (2.7 mb PDF File - PDF Help)
13. Citizens State Bank Contact Information
14. Balance Sheet Summary

The FDIC has assembled useful information regarding your relationship with this institution.  Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution.  The FDIC has compiled the following information, which should answer many of your questions.

Click the link below and enter your account number in the search screen. One of two messages will appear:

1. "Your account is fully insured" along with a link will that provides additional information or
2. a message advising you to contact the FDIC along with contact information.

Is My Account Fully Insured?

Checks for insured CDs and insured IRAs will be sent to your mailing address on record with Citizens State Bank. These will be mailed on Monday, December 21, 2009 and you should receive these checks by the end of the week.

Principal and interest on insured accounts, through Friday, December 18, 2009, are fully insured by the FDIC, up to the insurance limit of $250,000.  You will receive full payment for your insured account.  Certain entitlements and different types of accounts can be insured for more than the $250,000 limit.  IRA funds are insured separately from other types of accounts, up to a $250,000 limit.

All interest bearing accounts that exceed the $250,000 insurance limit and/or all interest bearing accounts that appear to be related and exceed this limit are reviewed by the FDIC to determine their ownership and insurance coverage.  If you think you might have uninsured deposits, you should call the FDIC Call Center to arrange for a telephone interview with  a Claims Agent at 1-800-350-2746. The Claim Agent may direct you to download and submit a particular form that will assist in expediting the processing of your claim.

List of Affidavits, Declarations, and Forms available for download

Please return the forms to the FDIC by FAX (facsimile) or mail at the number or address listed for the failed institution.

To find out more about FDIC Deposit Insurance:

• Visit EDIE the FDIC's Electronic Deposit Insurance Estimator
• View the FDIC Deposit Insurance Coverage Video

Online services will be in a read-only mode until Monday, December 21, 2009. Any payments scheduled must clear your account by January 8, 2010.

During the period ending on February 1, 2010, you are encouraged to make arrangements with DINB of New Baltimore regarding your safe deposit boxes and any other services to which you previously had access.

Your checks will be processed as usual through February 1, 2010.  All outstanding checks that clear prior to February 1, 2010 will be paid against your available insured balance(s) as if no change had occurred.  If you have a problem with a merchant refusing to accept your check, please contact your branch office.  An account representative will clear up any confusion about the validity of your checks.

All interest accrued through Friday, December 18, 2009, will be paid at your same rate.  Interest will not continue to accrue after that date.

Automatic direct deposit(s) will continue until close of business February 1, 2010. Automatic withdrawal(s) must clear your account by February 1, 2010 or they will be returned. You should make arrangements with another financial institution as soon as possible.

Please see A Borrower's Guide to an FDIC Insured Bank Failure for additional information.

Claims against failed financial institutions occur when bills sent to the institution remain unpaid at the time of failure. If you or your company provided a service or product, leased space, furniture, or equipment to Citizen State Bank after Friday, December 18, 2009 and have not been paid you do not have a claim against Citizens State Bank. Please follow your normal billing procedures by providing an invoice as instructed.

If you or your company provided a service or product, leased space, furniture, or equipment to the Citizens State Bank prior to Friday, December 18, 2009 and have not been paid you may be entitled to a claim against the bank. If you provided a product to or a service for Citizens State Bank prior to the bank's failure for which you have not been paid and you have not received communication, contact:

Citizens State Bank had no publicly owned stock. Equity shareholders were invested in the holding company, Citizens State Bancorp, New Baltimore, MI, and not in the bank. Please do not file a claim with the Receiver, rather, contact the holding company with any questions you may have:

Depositors

General Unsecured Creditors

Subordinated Debt

Stockholders

Dividend Information on Failed Financial Institutions

Deposit Broker Processing Guide