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Failed Bank Information for Citizens National Bank, Teague, TX

On Friday, October 30, 2009, Citizens National Bank was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. U.S. Bank National Association, Minneapolis, MN acquired all deposit accounts.

The FDIC as Receiver for Citizens National Bank, Teague, TX has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 24, 2021 and has made all dividend distributions required by law.

Effective November 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: November 1, 2021


Notice of Intent to Terminate

Publication Date: June 24, 2021

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: U.S. BANK NATIONAL ASSOCIATION

About U.S. Bank National Association

All deposit accounts were transferred to U.S. Bank National Association, Minneapolis, MN ("assuming institution"). Former Citizens National Bank locations reopened as branches of U.S. Bank National Association.

Your transferred deposits were separately insured from any accounts you may have already had at U.S. Bank National Association for at least six months after the failure of Citizens National Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with U.S. Bank National Association as long as the deposits are not pledged as collateral for loans.

Contacting U.S. Bank National Association

You can contact U.S. Bank National Association:

U.S. Bank National Association
425 Walnut Street
Cincinnati, OH 45202

U.S. Bank National Association (www.usbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (828 kb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank