FRANKTON FS&LA Failed 1988
What happened
FRANKTON FS&LA of FRANKTON, IN was closed on 1988-09-01. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to UNION FSB OF FRANKTON (FRANKTON, IN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1912
- FDIC Certificate
- 29779
- FDIC FIN
- 1753
- Bank name
- FRANKTON FS&LA
- Location
- FRANKTON, IN
- Failure date
- 1988-09-01
- FDIC resolution date
- 1988-09-01
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $33M
- Assets at failure
- $31M
- Acquiring bank
- UNION FSB OF FRANKTON (FRANKTON, IN)