# UNITED SA OF CENTRAL INDIANA

> **Failed bank** · TIPTON, IN · failed 1988-09-01 · SL · FDIC cost $7M

## What happened

UNITED SA OF CENTRAL INDIANA of TIPTON, IN was closed by state regulators on **1988-09-01**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST FEDERAL BANK A FSB** (VINCENNES, IN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1914
- **FDIC Certificate:** 31533
- **FDIC FIN:** 1755
- **Bank name:** UNITED SA OF CENTRAL INDIANA
- **Location:** TIPTON, IN
- **Failure date:** 1988-09-01
- **FDIC resolution date:** 1988-09-01
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $65M
- **Assets at failure:** $57M
- **Acquiring bank:** FIRST FEDERAL BANK A FSB (VINCENNES, IN)

## Other banks FIRST FEDERAL BANK A FSB has acquired in FDIC resolutions

- FIRST CONSTITUTION BANK (NEW HAVEN, CT) — failed 1992-10-02 — /failed-bank/3380

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=UNITED%20SA%20OF%20CENTRAL%20INDIANA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNITED SA OF CENTRAL INDIANA (FDIC ID 1914), failed 1988-09-01. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/failed-bank/1914.

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