Citizens Federal Savings and Loan Association

Status:Inactive as of 09/01/1988
 Absorption - Assisted
Successor Bank:Citizens Federal Savings Bank
Headquarters:Citizens Federal Savings and Loan Association
930 University Blvd
Jacksonville, FL 32211
Established:01/01/1955
FDIC Insurance:01/03/1956
FDIC Cert:#30834
Charter Class:
Total Assets:$57,944,000
Total Deposits:$64,557,000

History

1955-01-01Institution established: Original name:Citizens Federal Savings and Loan Association
1988-09-01Failed. Acquired with government financial assistance and subsequently operated as part of (32615)
1988-09-02Institution established: Original name:Citizens Federal Savings Bank (32615)
1988-09-30Acquired
1991-10-16Failed, went into receivership, and then became part of Citizens Federal Savings Association (33518)
1991-10-16Institution established: Original name:Citizens Federal Savings Association (33518)
1991-10-16Placed into government conservatorship.
1994-04-29Institution established: Original name:The Gordon Bank (33904)
1994-04-29Acquired after government financial assistance and subsequently operated as part of The Gordon Bank (33904)
1994-04-29Acquired The Gordon Bank (16465) in GORDON, GA
1994-04-29Government conservatorship or bridge bank resolved.
1997-01-01Moved bank headquarters from JACKSONVILLE, FL to GORDON, GA
2004-07-30Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
2004-07-30Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2010-10-22Failed. Acquired with government financial assistance and subsequently operated as part of Morris Bank (17910)
2019-05-01Acquired Farmers & Merchants Bank (16673) in STATESBORO, GA