Data / Bank failures / 1989 / Pioneer Savings FA
Pioneer Savings FA, Plymouth, IN: failed July 13, 1989
Pioneer Savings FA in Plymouth, Indiana, failed on July 13, 1989. Ameritrust NB of Elkhart, IN, took over its deposits. It held $81 million in assets and $92.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.2 million (1.5% of its assets). By assets it was the 249th largest of 534 banks closed or assisted in 1989.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- July 13, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Ameritrust NB, Elkhart, IN
- Total assets
- $81,022,000
- Total deposits
- $92,273,000
- Estimated cost to the FDIC
- $1,194,930 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28609
Other bank failures in Indiana, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Worthington State Bank | Worthington | November 14, 1991 | $36.6 million | $34.2 million | $1.4 million | First Farmers State Bank |
| First Commerce SB, FSB | Lowell | June 14, 1991 | $10.9 million | $10.5 million | $1.4 million | Centier Bank |
| Hometown Savings Bank FSB | Delphi | June 8, 1990 | $64.7 million | $58.7 million | $8.1 million | |
| First Federal S & L /central Indiana | Anderson | November 16, 1989 | $192.4 million | $176.7 million | $15.1 million | Shelby FSB |
| Capital FS&LA (assistance) | Gary | October 12, 1988 | $51.4 million | $55.7 million | $6.5 million | First FSB of Indiana |
| First FSB of Indiana (assistance) | Merrillville | October 12, 1988 | $271.5 million | $287 million | $22.5 million | First FSB of Indiana |
| Liberty Bank & Trust Company | Warsaw | October 3, 1988 | $48.7 million | $45.8 million | $7.8 million | Trustcorp Bank Goshen |
| Citizens FS&LA of New Castle (assistance) | New Castle | September 30, 1988 | $51.9 million | $57 million | $5.3 million | Ameriana Savings Bank FSB |
All bank failures in 1989 · 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.