Bank failure · IN
1st Fs&la of E. Chicago (East Chicago, IN) — failed August 31, 1983
1st Fs&la of E. Chicago of East Chicago, Indiana was closed on August 31, 1983 and resolved through a a/a. Citizens Fs&la (IN) took over its insured deposits. At failure it held $209.5M in assets and $211.1M in deposits. The FDIC's estimated loss on the failure is $12.1M (5.8% of assets).
- Closing date
- August 31, 1983
- FDIC certificate #
- 29255
- Resolution
- A/A (assistance)
- Acquiring institution
- Citizens Fs&la
- Insurance fund
- FSLIC
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- Bohemian S&la MO
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