CITADEL FS & LA Failed 1992

CHARLESTON, SC · Savings bank · view on FDIC BankFind ↗

What happened

CITADEL FS & LA of CHARLESTON, SC was closed on 1992-08-07. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CAROLINA FIRST BANK (GREENVILLE, SC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3365
FDIC Certificate
32468
FDIC FIN
1270
Bank name
CITADEL FS & LA
Location
CHARLESTON, SC
Failure date
1992-08-07
FDIC resolution date
1994-04-29
Charter type
Savings bank
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$9M
Deposits at failure
$38M
Assets at failure
$39M
Acquiring bank
CAROLINA FIRST BANK (GREENVILLE, SC)