# FIRST FSB OF INDIANA

> **Failed bank** · MERRILLVILLE, IN · failed 1988-10-12 · Savings bank · FDIC cost $22M

## What happened

FIRST FSB OF INDIANA of MERRILLVILLE, IN was closed by state regulators on **1988-10-12**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST FSB OF INDIANA** (MERRILLVILLE, IN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1952
- **FDIC Certificate:** 29025
- **FDIC FIN:** 1758
- **Bank name:** FIRST FSB OF INDIANA
- **Location:** MERRILLVILLE, IN
- **Failure date:** 1988-10-12
- **FDIC resolution date:** 1988-10-12
- **Charter type:** Savings bank
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $22M
- **Deposits at failure:** $287M
- **Assets at failure:** $272M
- **Acquiring bank:** FIRST FSB OF INDIANA (MERRILLVILLE, IN)

## Other banks FIRST FSB OF INDIANA has acquired in FDIC resolutions

- CAPITAL FS&LA (GARY, IN) — failed 1988-10-12 — /failed-bank/1953

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FSB OF INDIANA (FDIC ID 1952), failed 1988-10-12. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/1952.

---

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