Bank Failure
UNION FS&LA
Closed September 7, 1984 · INDIANAPOLIS, IN · FDIC Cert #29456.
- Closing date
- September 7, 1984
- Headquarters
- INDIANAPOLIS, IN
- FDIC Certificate
- 29456
- Total assets at closing
- $309,344,000
- Total deposits at closing
- $285,940,000
- Estimated loss to DIF
- $26,754,000
- Resolution type
- other
- Acquirer
- UNION FS&LA (FDIC Cert #1660)
Context
On September 7, 1984, regulators closed UNION FS&LA, headquartered in INDIANAPOLIS, IN. At closing, the institution held approximately $309,344,000 in assets and $285,940,000 in deposits. The FDIC arranged a resolution under which UNION FS&LA acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $26,754,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1984
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1984-12-22 | FIRST SECURITY BANK | SANDWICH, IL | $13,422,000 |
| 1984-12-20 | THE FARMERS STATE BANK | SELDEN, KS | $14,578,000 |
| 1984-12-18 | UEHLING STATE BANK | UEHLING, NE | $4,224,000 |
| 1984-12-11 | UNIVERSITY BANK OF WICHITA | WICHITA, KS | $4,700,000 |
| 1984-12-07 | SAN MARINO S&LA | SAN MARINO, CA | $856,806,000 |
| 1984-12-07 | FARMERS STATE BK OF HOLYOKE | HOLYOKE, CO | $3,901,000 |
| 1984-12-04 | GOLDEN SPIKE STATE BANK | TREMONTON, UT | $7,788,000 |
| 1984-11-30 | THE DAYTON BK & TR CO. | DAYTON, TN | $51,433,000 |
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