# CAPITAL FS&LA

> **Failed bank** · GARY, IN · failed 1988-10-12 · SL · FDIC cost $7M

## What happened

CAPITAL FS&LA of GARY, 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:** 1953
- **FDIC Certificate:** 29978
- **FDIC FIN:** 1758
- **Bank name:** CAPITAL FS&LA
- **Location:** GARY, IN
- **Failure date:** 1988-10-12
- **FDIC resolution date:** 1988-10-12
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $56M
- **Assets at failure:** $51M
- **Acquiring bank:** FIRST FSB OF INDIANA (MERRILLVILLE, IN)

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

- FIRST FSB OF INDIANA (MERRILLVILLE, IN) — failed 1988-10-12 — /failed-bank/1952

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CAPITAL FS&LA (FDIC ID 1953), failed 1988-10-12. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/failed-bank/1953.

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