# CITIZENS FS&LA

> **Failed bank** · CLEVELAND, OH · failed 1986-08-29 · SL · FDIC cost $83M

## What happened

CITIZENS FS&LA of CLEVELAND, OH was closed by state regulators on **1986-08-29**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **TRANSOHIO SAVINGS BANK, FSB** (CLEVELAND, OH). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1266
- **FDIC Certificate:** 28326
- **FDIC FIN:** 1693
- **Bank name:** CITIZENS FS&LA
- **Location:** CLEVELAND, OH
- **Failure date:** 1986-08-29
- **FDIC resolution date:** 1986-08-29
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $83M
- **Deposits at failure:** $475M
- **Assets at failure:** $435M
- **Acquiring bank:** TRANSOHIO SAVINGS BANK, FSB (CLEVELAND, OH)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS FS&LA (FDIC ID 1266), failed 1986-08-29. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/1266.

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