Bank failure · FL
Citizens & Builders Fs (Pensacola, FL) — failed July 27, 1990
Citizens & Builders Fs of Pensacola, Florida was closed on July 27, 1990 and resolved through a purchase and assumption. Central Bank of the South, (FL) took over its insured deposits. At failure it held $119.2M in assets and $97.9M in deposits. The FDIC's estimated loss on the failure is $31.6M (26.5% of assets).
- Closing date
- July 27, 1990
- FDIC certificate #
- 32239
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Central Bank of the South,
- Insurance fund
- RTC
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