Bank failure · IN

Capital Fs&la (Gary, IN) — failed October 12, 1988

Capital Fs&la of Gary, Indiana was closed on October 12, 1988 and resolved through a a/a. First FSB of Indiana (IN) took over its insured deposits. At failure it held $51.4M in assets and $55.7M in deposits. The FDIC's estimated loss on the failure is $6.5M (12.7% of assets).