Citizens Federal Savings Bank

Status:Inactive as of 10/16/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Citizens Federal Savings Association
Headquarters:Citizens Federal Savings Bank
930 University Blvd
Jacksonville, FL 32211
Established:09/02/1988
FDIC Insurance:08/09/1989
FDIC Cert:#32615
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$65,710,000
Total Deposits:$66,972,000

History

1988-09-02Institution established: Original name:Citizens Federal Savings Bank
1988-09-30Acquired (30834)
1991-10-16Institution established: Original name:Citizens Federal Savings Association (33518)
1991-10-16Placed into government conservatorship.
1991-10-16Failed, went into receivership, and then became part of Citizens Federal Savings Association (33518)
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