Bank failure · KY

First Fs&la of Mayfield (Mayfield, KY) — failed October 12, 1988

First Fs&la of Mayfield of Mayfield, Kentucky was closed on October 12, 1988 and resolved through a a/a. Republic Savings Bank FSB (KY) took over its insured deposits. At failure it held $51.5M in assets and $72.8M in deposits. The FDIC's estimated loss on the failure is $22.1M (43.0% of assets).