Bank failure · FL
Citizens Fsa (Jacksonville, FL) — failed October 16, 1991
Citizens Fsa of Jacksonville, Florida was closed on October 16, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $65.7M in assets and $67.0M in deposits. The FDIC's estimated loss on the failure is $8.9M (13.5% of assets).
- Closing date
- October 16, 1991
- FDIC certificate #
- 32615
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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