Bank failure · IN

Citizens Fs&la of New Castle (New Castle, IN) — failed September 30, 1988

Citizens Fs&la of New Castle of New Castle, Indiana was closed on September 30, 1988 and resolved through a a/a. Ameriana Savings Bank FSB (IN) took over its insured deposits. At failure it held $51.9M in assets and $57.0M in deposits. The FDIC's estimated loss on the failure is $5.3M (10.2% of assets).