Bank failure · FL

First Citizens Sla (Fort Pierce, FL) — failed March 8, 1991

First Citizens Sla of Fort Pierce, Florida was closed on March 8, 1991 and resolved through a purchase and assumption. Riverside Nb (FL) took over its insured deposits. At failure it held $200.5M in assets and $199.3M in deposits. The FDIC's estimated loss on the failure is $36.9M (18.4% of assets).