Bank failure · KY
Future Federal Savings Bank (Louisville, KY) — failed August 30, 1991
Future Federal Savings Bank of Louisville, Kentucky was closed on August 30, 1991 and resolved through a purchase and assumption. Citizens Fidelity B&t (KY) took over its insured deposits. At failure it held $422.3M in assets and $408.9M in deposits. The FDIC's estimated loss on the failure is $29.1M (6.9% of assets).
- Closing date
- August 30, 1991
- FDIC certificate #
- 27862
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens Fidelity B&t
- Insurance fund
- RTC
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