Citizens Bank
Houston, TX · Owner: Citizens First Bancgroup Inc
$100M
total assets, December 31, 1988
$100M
total assets, December 31, 1988
Citizens Bank was a state nonmember bank in Houston, TX, owned by Citizens First Bancgroup Inc. It failed on Feb 9, 1989, and Deposit Guaranty Bank took over its deposits. At its last report it held $100.1 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Feb 9, 1989
- Assets
- $100M
- Deposits
- $102M
- Estimated cost
- $28.6M
- Deposits went to
- Deposit Guaranty Bank, Dallas, TX
Total assets
$100M
-21.8% in a year · -4.1% in a quarter
Deposits
$102M
-9.7% in a year · -1.1% in a quarter
Loans
$77.7M
-9.3% in a year · -8.0% in a quarter
Profit so far
-$11.7M
Jan 1 to Dec 31, 1988
Capital ratio
-4.48%
-10.03 pts in a year
Return on assets
-10.06%
-9.19 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1421 North Loop West, Houston, TX, 77018
- County
- Harris
- Holding company
- Citizens First Bancgroup Inc
- Established
- May 22, 1954
- Failed
- Feb 9, 1989
- Employees
- 59
- Id
- b17326
Quarter by quarter
March 31, 1984 to December 31, 1988
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Citizens Bank?
$100.1 million in total assets and $102.1 million in deposits as of December 31, 1988, with assets down 21.8% from a year before. Its loans were $77.7 million.
Is Citizens Bank profitable?
No: it lost $11.7 million from January 1 to December 31, 1988. Its return on assets was -10.06% a year; about 1% is typical.
Who owns Citizens Bank?
Citizens Bank is owned by Citizens First Bancgroup Inc, its holding company.
When did Citizens Bank fail?
Feb 9, 1989. Deposit Guaranty Bank of Dallas, TX took over its deposits. The estimated cost of the failure was $28.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.