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Bank failure · KY

First Federal Bank (Lexington, KY) — failed April 19, 2013

First Federal Bank of Lexington, Kentucky was closed on April 19, 2013 and resolved through a purchase and assumption. Your Community Bank (IN) took over its insured deposits. At failure it held $93.0M in assets and $87.2M in deposits. The FDIC's estimated loss on the failure is $7.8M (8.4% of assets).

Closing date
April 19, 2013
FDIC certificate #
29594
Resolution
Purchase and assumption (failure)
Acquiring institution
Your Community Bank
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails