General Savings Association

Status:Inactive as of 06/29/1990
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:VeraBank
Headquarters:General Savings Association
1610 Highway 79 South
Henderson, TX 75652
Established:01/01/1975
FDIC Insurance:08/09/1989
FDIC Cert:#31791
Charter Class:
Total Assets:$37,203,000
Total Deposits:$40,736,000

History

1975-01-01Institution established: Original name:General Savings Association
1989-03-16Placed into government conservatorship.
1990-06-29Acquired after government financial assistance and subsequently operated as part of Citizens National Bank of Henderson (3250)
1990-06-29Government conservatorship or bridge bank resolved.
1991-12-27Reorganized.
1992-01-01Acquired Merchants State Bank (13672) in MOUNT ENTERPRISE, TX
1994-09-23Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
1994-11-15Changed name to Citizens National Bank (3250)
1998-07-23Acquired First State Bank (18611) in WASKOM, TX
1998-12-11Acquired Jefferson National Bank (24911) in JEFFERSON, TX
2001-10-26Acquired Peoples State Bank (23420) in HENDERSON, TX
2013-02-15Acquired White Oak State Bank (20707) in WHITE OAK, TX
2013-09-28Acquired The East Texas National Bank of Palestine (3379) in PALESTINE, TX
2016-11-04Acquired Kilgore National Bank (35548) in KILGORE, TX
2018-11-09Acquired Union State Bank (11886) in FLORENCE, TX
2019-01-22Changed name to VeraBank, National Association (3250)