CITIZENS & BUILDERS FS Failed 1990
What happened
CITIZENS & BUILDERS FS of PENSACOLA, FL was closed on 1990-07-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTRAL BANK OF THE SOUTH, (PENSACOLA, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2860
- FDIC Certificate
- 32239
- FDIC FIN
- 7349
- Bank name
- CITIZENS & BUILDERS FS
- Location
- PENSACOLA, FL
- Failure date
- 1990-07-27
- FDIC resolution date
- 1991-07-12
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $32M
- Deposits at failure
- $98M
- Assets at failure
- $119M
- Acquiring bank
- CENTRAL BANK OF THE SOUTH, (PENSACOLA, FL)