# COMMUNITY FS&LA

> **Failed bank** · HAMILTON, OH · failed 1987-12-29 · SL · FDIC cost $21M

## What happened

COMMUNITY FS&LA of HAMILTON, OH was closed by state regulators on **1987-12-29**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **UNION FEDERAL SAVINGS BANK** (INDIANAPOLIS, IN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1587
- **FDIC Certificate:** 28015
- **FDIC FIN:** 1716
- **Bank name:** COMMUNITY FS&LA
- **Location:** HAMILTON, OH
- **Failure date:** 1987-12-29
- **FDIC resolution date:** 1987-12-29
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $21M
- **Deposits at failure:** $379M
- **Assets at failure:** $406M
- **Acquiring bank:** UNION FEDERAL SAVINGS BANK (INDIANAPOLIS, IN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMUNITY%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY FS&LA (FDIC ID 1587), failed 1987-12-29. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/1587.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*