Rusk Federal Savings and Loan Association

Status:Inactive as of 06/29/1990
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:Citizens 1st Bank
Headquarters:Rusk Federal Savings and Loan Association
107 East 6th St
Rusk, TX 75785
Established:07/01/1934
FDIC Insurance:10/13/1934
FDIC Cert:#29038
Charter Class:
Total Assets:$27,426,000
Total Deposits:$33,947,000

History

1934-07-01Institution established: Original name:Rusk Federal Savings and Loan Association
1989-03-16Placed into government conservatorship.
1990-06-29Government conservatorship or bridge bank resolved.
1990-06-29Acquired after government financial assistance and subsequently operated as part of Citizens Bank (1715)
1991-05-31Acquired First Federal Savings Association of Nacogdoches (33227) in NACOGDOCHES, TX
1991-08-02Acquired Timberland Federal Savings Association (33287) in NACOGDOCHES, TX
1991-08-23Acquired First Southwest Federal Savings and Loan Association (33228) in TYLER, TX
1992-03-05Changed name to Citizens 1st Bank (1715)
1997-10-17Moved bank headquarters from RUSK, TX to TYLER, TX
2014-03-07Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2014-03-07Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL RESERVE BOARD