# FIRST FEDERAL S & L /CENTRAL INDIANA

> **Failed bank** · ANDERSON, IN · failed 1989-11-16 · SL · FDIC cost $15M

## What happened

FIRST FEDERAL S & L /CENTRAL INDIANA of ANDERSON, IN was closed by state regulators 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
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $177M
- **Assets at failure:** $192M
- **Acquiring bank:** SHELBY FSB (INDIANAPOLIS, IN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FEDERAL%20S%20%26%20L%20%2FCENTRAL%20INDIANA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL S & L /CENTRAL INDIANA (FDIC ID 2557), failed 1989-11-16. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/2557.

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