Bank failure · IN

First FSB of Indiana (Merrillville, IN) — failed October 12, 1988

First FSB of Indiana of Merrillville, 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 $271.5M in assets and $287.0M in deposits. The FDIC's estimated loss on the failure is $22.5M (8.3% of assets).