Data / Bank failures / 1983 / American FS&LA
American FS&LA, Fort Wayne, IN: received FDIC assistance November 14, 1983
American FS&LA in Fort Wayne, Indiana, received open bank assistance from the FDIC on November 14, 1983. It held $55.4 million in assets and $46.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.4 million (6.1% of its assets). By assets it was the 44th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- November 14, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Standard FS&LA, Troy, MI
- Total assets
- $55,358,208
- Total deposits
- $46,429,599
- Estimated cost to the FDIC
- $3,404,226 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31275
Other bank failures in Indiana, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Allen County Bank and Trust Company | Leo | November 22, 1985 | $10.9 million | $10.5 million | Indiana National Bank | |
| 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 |
| South Bend FS&LA (assistance) | South Bend | November 14, 1983 | $71.4 million | $71.5 million | $4.7 million | Standard FS&LA |
| First FS&LA of FT. Wayne (assistance) | Fort Wayne | November 14, 1983 | $298.1 million | $267.2 million | $17.3 million | Standard FS&LA |
| Gary FS&LA (assistance) | Gary | August 31, 1983 | $15.2 million | $15.7 million | $1.1 million | Citizens FS&LA |
Other failed banks Standard FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| FT. Wayne FS&LA (assistance) | Fort Wayne | IN | November 14, 1983 | $37 million | $31 million | $2.2 million | Standard FS&LA |
| South Bend FS&LA (assistance) | South Bend | IN | November 14, 1983 | $71.4 million | $71.5 million | $4.7 million | Standard FS&LA |
| First FS&LA of FT. Wayne (assistance) | Fort Wayne | IN | November 14, 1983 | $298.1 million | $267.2 million | $17.3 million | Standard FS&LA |
| First of Niles FS&LA (assistance) | Niles | MI | October 14, 1980 | $131.8 million | $120.3 million | $13.3 million | Standard FS&LA |
All bank failures in 1983 · All bank failures in Indiana · Every failed bank Standard FS&LA took over · 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.