Citizens Bank

Citizens Bank is a financial institution that was originally established as Citizens Savings Bank on February 8, 1929. The bank underwent a change in its name to Citizens Bank on July 24, 1989. Over the years, it expanded its operations, including a significant relocation of its main office to Fifth and Main Streets in Sac City, Iowa, on November 20, 1973. In the same year, the bank also acquired full trust powers. Despite its long history, Citizens Bank faced financial difficulties and ultimately failed on November 3, 2023, following a merger that was facilitated by government financial assistance.

Below is a list of some important events in banks history, including mergers and acquisitions.

1929-02-08Institution established. Original name: Citizens Savings Bank.

1973-06-19Changed Trust Powers to Full

1973-11-20Main Office moved to Fifth And Main Streets, Sac City, IA 50583.

1989-07-24Changed Institution Name to Citizens Bank.

2023-11-03Failed. Merged with government financial assistance,.