# FIRST CITIZENS SLA

> **Failed bank** · FORT PIERCE, FL · failed 1991-03-08 · SL · FDIC cost $37M

## What happened

FIRST CITIZENS SLA of FORT PIERCE, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $37M
- **Deposits at failure:** $199M
- **Assets at failure:** $200M
- **Acquiring bank:** RIVERSIDE NB (FORT PIERCE, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CITIZENS SLA (FDIC ID 3035), failed 1991-03-08. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3035.

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