CENTENNIAL S&LA Failed 1985
What happened
CENTENNIAL S&LA of GUERNEVILLE, CA was closed on 1985-08-20. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to CITIZENS FS&LA (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1054
- FDIC Certificate
- 31818
- FDIC FIN
- 7557
- Bank name
- CENTENNIAL S&LA
- Location
- GUERNEVILLE, CA
- Failure date
- 1985-08-20
- FDIC resolution date
- 1987-04-27
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $149M
- Deposits at failure
- $368M
- Assets at failure
- $368M
- Acquiring bank
- CITIZENS FS&LA (MIAMI, FL)
Other banks CITIZENS FS&LA acquired in FDIC resolutions