Data / Bank failures / 1985 / Allen County Bank and Trust Company
Allen County Bank and Trust Company, Leo, IN: failed November 22, 1985
Allen County Bank and Trust Company in Leo, Indiana, failed on November 22, 1985. Indiana National Bank of Indianapolis, IN, took over its deposits. It held $10.9 million in assets and $10.5 million in deposits at its last report. By assets it was the 145th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- November 22, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Indiana National Bank, Indianapolis, IN
- Total assets
- $10,907,000
- Total deposits
- $10,524,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 20533
Other bank failures in Indiana, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Citizens State Bank | Brownstown | April 10, 1987 | $29 million | $27.7 million | $1.3 million | Monroe County Bank |
| Morocco State Bank | Morocco | March 20, 1987 | $16.3 million | $15.8 million | $1.7 million | De Motte State Bank |
| The Farmers National Bank of Remington | Remington | January 29, 1987 | $34.7 million | $33.5 million | $7.8 million | Lafayette National Bank |
| Industrial National Bank of East Chicago | East Chicago | April 3, 1986 | $8.4 million | $8.1 million | $1.2 million | Mercantile NB of Indiana |
| Union FS&LA (assistance) | Indianapolis | September 7, 1984 | $309.3 million | $285.9 million | $26.8 million | Union FS&LA |
| Peoples State Bank of Clay County | Poland | August 10, 1984 | $17.7 million | $17.1 million | $5.1 million | First State Bank |
| The Shelby Nat BK of Shelbyville | Shelbyville | April 19, 1984 | $67.8 million | $65.5 million | $378,072 | American Fletcher NB&T C |
| FT. Wayne FS&LA (assistance) | Fort Wayne | November 14, 1983 | $37 million | $31 million | $2.2 million | Standard FS&LA |
All bank failures in 1985 · All bank failures in Indiana · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.