# FRANKTON FS&LA

> **Failed bank** · FRANKTON, IN · failed 1988-09-01 · SL · FDIC cost $3M

## What happened

FRANKTON FS&LA of FRANKTON, IN was closed by state regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $33M
- **Assets at failure:** $31M
- **Acquiring bank:** UNION FSB OF FRANKTON (FRANKTON, IN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FRANKTON FS&LA (FDIC ID 1912), failed 1988-09-01. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/failed-bank/1912.

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