FIRST CITIZENS SLA Failed 1991
What happened
FIRST CITIZENS SLA of FORT PIERCE, FL was closed on 1991-03-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to RIVERSIDE NB (FORT PIERCE, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3035
- FDIC Certificate
- 31454
- FDIC FIN
- 2108
- Bank name
- FIRST CITIZENS SLA
- Location
- FORT PIERCE, FL
- Failure date
- 1991-03-08
- FDIC resolution date
- 1991-09-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $37M
- Deposits at failure
- $199M
- Assets at failure
- $200M
- Acquiring bank
- RIVERSIDE NB (FORT PIERCE, FL)