First Federal Savings and Loan Association

Status:Inactive as of 11/30/1990
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:First Federal Savings Association of Nacogdoches
Headquarters:First Federal Savings and Loan Association
320 North Street
Nacogdoches, TX 75961
Established:01/01/1933
FDIC Insurance:12/04/1934
FDIC Cert:#28821
Charter Class:
Total Assets:$61,907,000
Total Deposits:$51,776,000

History

1933-01-01Institution established: Original name:First Federal Savings and Loan Association
1985-02-28Changed organization type to STOCK SAVINGS & LOAN
1990-11-30Failed, went into receivership, and then became part of First Federal Savings Association of Nacogdoches (33227)
1990-11-30Institution established: Original name:First Federal Savings Association of Nacogdoches (33227)
1990-11-30Placed into government conservatorship.
1991-05-31Acquired after government financial assistance and subsequently operated as part of Citizens Bank (1715)
1991-05-31Government conservatorship or bridge bank resolved.
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 NACOGDOCHES, 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