FIRST FEDERAL S & L /CENTRAL INDIANA Failed 1989
What happened
FIRST FEDERAL S & L /CENTRAL INDIANA of ANDERSON, IN was closed on 1989-11-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SHELBY FSB (INDIANAPOLIS, IN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2557
- FDIC Certificate
- 27616
- FDIC FIN
- 7202
- Bank name
- FIRST FEDERAL S & L /CENTRAL INDIANA
- Location
- ANDERSON, IN
- Failure date
- 1989-11-16
- FDIC resolution date
- 1990-10-05
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $177M
- Assets at failure
- $192M
- Acquiring bank
- SHELBY FSB (INDIANAPOLIS, IN)