Data / Bank failures / 1985 / Citizens FS&LA
Citizens FS&LA, Seattle, WA: received FDIC assistance December 1, 1985
Citizens FS&LA in Seattle, Washington, received open bank assistance from the FDIC on December 1, 1985. It held $461.4 million in assets and $353.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $18 million (3.9% of its assets). By assets it was the 15th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- December 1, 1985
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Citizens FS&LA, Seattle, WA
- Total assets
- $461,380,000
- Total deposits
- $353,209,000
- Estimated cost to the FDIC
- $18,018,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28890
Other bank failures in Washington, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Home S&LA (assistance) | Seattle | March 13, 1987 | $150.6 million | $117.6 million | $25.9 million | Interwest Savings Bank |
| Mid Valley Bank (assistance) | Omak | August 30, 1986 | $39.1 million | $39.1 million | $220,917 | First Bank Washington |
| Guaranty S&LA | Longview | March 21, 1986 | $22.3 million | $13.9 million | $3.4 million | |
| Lewis FS&LA (assistance) | Chehalis | November 1, 1985 | $51.9 million | $52.4 million | $1.8 million | Sterling Savings Assn |
| Westside FS&LA | Seattle | August 30, 1985 | $378.4 million | $325.1 million | $100.8 million | Prudential Bank FSB |
| Queen City S&LA, Wa (assistance) | Seattle | July 24, 1984 | $233.5 million | $130.9 million | $4.2 million | Gibralter SB FSB |
Other failed banks Citizens FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Equitable FSB (assistance) | Lancaster | OH | July 9, 1986 | $691.5 million | $645.7 million | $152.3 million | Citizens FS&LA |
| Centennial S&LA | Guerneville | CA | August 20, 1985 | $368.2 million | $367.8 million | $148.9 million | Citizens FS&LA |
| Gary FS&LA (assistance) | Gary | IN | August 31, 1983 | $15.2 million | $15.7 million | $1.1 million | Citizens FS&LA |
| 1ST FS&LA of E. Chicago (assistance) | East Chicago | IN | August 31, 1983 | $209.5 million | $211.1 million | $12.1 million | Citizens FS&LA |
All bank failures in 1985 · All bank failures in Washington · Every failed bank Citizens FS&LA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.