Bank failure · OR
Citizens S&la (Salem, OR) — failed December 4, 1985
Citizens S&la of Salem, Oregon was closed on December 4, 1985 and resolved through a insured deposit transfer. Freedom Fs&la (OR) took over its insured deposits. At failure it held $239.7M in assets and $153.5M in deposits. The FDIC's estimated loss on the failure is $85.2M (35.6% of assets).
- Closing date
- December 4, 1985
- FDIC certificate #
- 31792
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Freedom Fs&la
- Insurance fund
- FSLIC
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