Bank failure · FL

Citizens Fs&la (Jacksonville, FL) — failed September 1, 1988

Citizens Fs&la of Jacksonville, Florida was closed on September 1, 1988 and resolved through a a/a. Citizens FSB (FL) took over its insured deposits. At failure it held $57.9M in assets and $64.6M in deposits. The FDIC's estimated loss on the failure is $125K (0.2% of assets).