# CITADEL FS & LA

> **Failed bank** · CHARLESTON, SC · failed 1992-08-07 · Savings bank · FDIC cost $9M

## What happened

CITADEL FS & LA of CHARLESTON, SC was closed by state regulators 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
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $38M
- **Assets at failure:** $39M
- **Acquiring bank:** CAROLINA FIRST BANK (GREENVILLE, SC)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITADEL FS & LA (FDIC ID 3365), failed 1992-08-07. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3365.

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