# CITIZENS FS&LA OF NEW CASTLE

> **Failed bank** · NEW CASTLE, IN · failed 1988-09-30 · SL · FDIC cost $5M

## What happened

CITIZENS FS&LA OF NEW CASTLE of NEW CASTLE, IN was closed by state regulators on **1988-09-30**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **AMERIANA SAVINGS BANK FSB** (NEW CASTLE, IN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1940
- **FDIC Certificate:** 29746
- **FDIC FIN:** 1756
- **Bank name:** CITIZENS FS&LA OF NEW CASTLE
- **Location:** NEW CASTLE, IN
- **Failure date:** 1988-09-30
- **FDIC resolution date:** 1988-09-30
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $57M
- **Assets at failure:** $52M
- **Acquiring bank:** AMERIANA SAVINGS BANK FSB (NEW CASTLE, IN)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS FS&LA OF NEW CASTLE (FDIC ID 1940), failed 1988-09-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1940.

---

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