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Bank Failures

Failed Bank Information for Citizens State Bank, New Baltimore, MI

On Friday, December 18, 2009, Citizens State Bank was closed by The Michigan Office of Financial and Insurance Regulation. The FDIC was named Receiver. Deposit Insurance National Bank of New Baltimore (DINB of New Baltimore), New Baltimore, MI acquired all insured deposits, CDs, and IRAs.

The FDIC as Receiver for Citizens State Bank, New Baltimore, MI has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 28, 2024 and has made all dividend distributions required by law.

Effective February 1, 2025, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: February 1, 2025

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Notice of Intent to Terminate

Publication Date: February 28, 2024

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Dividend Information

Report on dividends paid

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Press Release

Official press release

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TRANSACTION DOCUMENTATION

Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution

BankFind Suite: Find Institutions by Name & Location
BankFind Suite allows you to locate the failed bank by name or FDIC certificate number.

Last Updated: February 1, 2019