# GARY FS&LA

> **Failed bank** · GARY, IN · failed 1983-08-31 · SL · FDIC cost $1M

## What happened

GARY FS&LA of GARY, IN was closed by state regulators on **1983-08-31**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CITIZENS FS&LA** (HAMMOND, IN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 814
- **FDIC Certificate:** 29651
- **FDIC FIN:** 0
- **Bank name:** GARY FS&LA
- **Location:** GARY, IN
- **Failure date:** 1983-08-31
- **FDIC resolution date:** 1983-08-31
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $16M
- **Assets at failure:** $15M
- **Acquiring bank:** CITIZENS FS&LA (HAMMOND, IN)

## Other banks CITIZENS FS&LA has acquired in FDIC resolutions

- EQUITABLE FSB (LANCASTER, OH) — failed 1986-07-09 — /failed-bank/1224
- CITIZENS FS&LA (SEATTLE, WA) — failed 1985-12-01 — /failed-bank/1107
- CENTENNIAL  S&LA (GUERNEVILLE, CA) — failed 1985-08-20 — /failed-bank/1054
- 1ST FS&LA OF E. CHICAGO (EAST CHICAGO, IN) — failed 1983-08-31 — /failed-bank/813

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GARY FS&LA (FDIC ID 814), failed 1983-08-31. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/814.

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