# CITIZENS & BUILDERS FS

> **Failed bank** · PENSACOLA, FL · failed 1990-07-27 · Savings bank · FDIC cost $32M

## What happened

CITIZENS & BUILDERS FS of PENSACOLA, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $32M
- **Deposits at failure:** $98M
- **Assets at failure:** $119M
- **Acquiring bank:** CENTRAL BANK OF THE SOUTH, (PENSACOLA, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS & BUILDERS FS (FDIC ID 2860), failed 1990-07-27. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2860.

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