# CENTENNIAL  S&LA

> **Failed bank** · GUERNEVILLE, CA · failed 1985-08-20 · SL · FDIC cost $149M

## What happened

CENTENNIAL  S&LA of GUERNEVILLE, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $149M
- **Deposits at failure:** $368M
- **Assets at failure:** $368M
- **Acquiring bank:** CITIZENS FS&LA (MIAMI, FL)

## Other banks CITIZENS FS&LA has acquired in FDIC resolutions

- EQUITABLE FSB (LANCASTER, OH) — failed 1986-07-09 — /failed-bank/1224
- CITIZENS FS&LA (SEATTLE, WA) — failed 1985-12-01 — /failed-bank/1107
- GARY FS&LA (GARY, IN) — failed 1983-08-31 — /failed-bank/814
- 1ST FS&LA OF E. CHICAGO (EAST CHICAGO, IN) — failed 1983-08-31 — /failed-bank/813

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CENTENNIAL%20%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CENTENNIAL  S&LA (FDIC ID 1054), failed 1985-08-20. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1054.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*