Bank failure · KY

Gamaliel Bank (Gamaliel, KY) — failed April 19, 1984

Gamaliel Bank of Gamaliel, Kentucky was closed on April 19, 1984 and resolved through a insured deposit transfer. Deposit Bank of Monroe C (KY) took over its insured deposits. At failure it held $22.8M in assets and $21.5M in deposits. The FDIC's estimated loss on the failure is $4.7M (20.5% of assets).