Bank failure · CA
Centennial S&la (Guerneville, CA) — failed August 20, 1985
Centennial S&la of Guerneville, California was closed on August 20, 1985 and resolved through a insured deposit transfer. Citizens Fs&la (FL) took over its insured deposits. At failure it held $368.2M in assets and $367.8M in deposits. The FDIC's estimated loss on the failure is $148.9M (40.5% of assets).
- Closing date
- August 20, 1985
- FDIC certificate #
- 31818
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Citizens Fs&la
- Insurance fund
- FSLIC
Other failures in 1985
- Sun Fs&la FL
- Home Savings Bank NY
- State S&la of Lubbock TX
- Brownfield S&la TX
- First City Bank CA
- State Bank of Frost MN
- Bank of Panama NE
- Farmers & Merchants Bank NE
- Princeton State Bank MO
- Farmers State Bank NE
- The Farmers State Bank of Barry County, Ex MO
- Lake National Bank MO
- The First National Bank in Lincoln County NM
- State Fs&la OR
- Guaranty S&la AR
- Security State Bank NE
- The Farmers and Merchants National Bank of OK
- Citizens S&la OR
- Midland Fs&la MN
- Home Fs&la KY
- Home Fs&la IA
- Citizens Fs&la WA
- Usm (U.S. Mutual) S&la MI
- Hi-Plains S&la TX