Bank failure · IN

Liberty Bank & Trust Company (Warsaw, IN) — failed October 3, 1988

Liberty Bank & Trust Company of Warsaw, Indiana was closed on October 3, 1988 and resolved through a purchase and assumption. Trustcorp Bank Goshen (IN) took over its insured deposits. At failure it held $48.7M in assets and $45.8M in deposits. The FDIC's estimated loss on the failure is $7.8M (16.0% of assets).