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What happened to Citizens Federal Savings and Loan Association?
Citizens Federal Savings and Loan Association in Jacksonville, FL failed, and Citizens Federal Savings Bank of Jacksonville, FL took it over on Sep 1, 1988. After 4 more changes of hands, what was Citizens Federal Savings and Loan Association is today part of Vallant Bank (Elberton, GA).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1955Citizens Federal Savings and Loan Association opens in Jacksonville, FL
- Sep 1, 1988FAILEDCitizens Federal Savings and Loan Association failed, and Citizens Federal Savings Bank of Jacksonville, FL took it over.FDIC certificate 30834 ends; its business continues under certificate 32615.
- Oct 16, 1991FAILEDCitizens Federal Savings Bank of Jacksonville, FL failed, and Citizens Federal Savings Association of Jacksonville, FL took it over.FDIC certificate 32615 ends; its business continues under certificate 33518.
- Apr 29, 1994RESOLVEDCitizens Federal Savings Association of Jacksonville, FL was closed in a federal resolution, and its business passed to The Gordon Bank of Gordon, GA.FDIC certificate 33518 ends; its business continues under certificate 33904.
- Oct 22, 2010FAILEDThe Gordon Bank of Gordon, GA failed, and Morris Bank of Dublin, GA took it over.FDIC certificate 33904 ends; its business continues under certificate 17910.
- Apr 1, 2026MERGEDMorris Bank of Dublin, GA merged into Vallant Bank of Elberton, GA.FDIC certificate 17910 ends; its business continues under certificate 14065.
- TodayOPEN
Vallant BankMain office Elberton, GA · FDIC certificate 14065 · 36 offices in 1 state on June 30, 2026Every Vallant Bank office → Website on file with the FDIC: www.vallant.bank
If you still have something from Citizens Federal Savings and Loan Association
A lien that was never released
Citizens Federal Savings and Loan Association failed on Sep 1, 1988, under the old savings-and-loan insurance fund (FSLIC). The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask Vallant Bank as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Citizens Federal Savings Bank). Start with Vallant Bank, and ask them to search under the name Citizens Federal Savings and Loan Association.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Vallant Bank. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 30834 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.