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The board of directors of the Federal...

The board of directors of the Federal Deposit Insurance Corp. approved the assumption of the deposits and fully secured liabilities of Citizens Bank of Littleton, Colo., by Equitable Bank of Littleton. The failed bank’s sole office will not reopen. Depositors will automatically become depositors in the assuming bank, subject to approval by the appropriate court. They may transact business at the assuming bank’s office beginning Friday. Citizens Bank of Littleton, with total assets of about $6.5 million, was closed Thursday by James T. Dillon, acting Colorado bank commissioner. The FDIC was named receiver.


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