Citizens State Bank of Ray

Status:Inactive as of 10/15/1987
 Absorption - Assisted
Successor Bank:First State Bank & Trust
Headquarters:Citizens State Bank of Ray
Mini Mall, Main Street
Ray, ND 58849
Established:01/01/1906
FDIC Insurance:01/01/1934
FDIC Cert:#10252
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$11,720,000
Total Deposits:$11,332,000

History

1906-01-01Institution established: Original name:Citizens State Bank of Ray
1987-10-15Failed. Acquired with government financial assistance and subsequently operated as part of First National Bank & Trust Co. of Williston (14801)
1988-01-21Acquired Williston Basin State Bank (23042) in WILLISTON, ND
1990-09-13Acquired First National Bank of Crosby (22505) in CROSBY, ND
1991-01-31Reorganized.
2020-01-01Changed name to First State Bank & Trust (14801)
2020-01-01Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS