Bank failure · KY

Morehead National Bank (Morehead, KY) — failed March 15, 1988

Morehead National Bank of Morehead, Kentucky was closed on March 15, 1988 and resolved through a a/a. Morehead National Bank (KY) took over its insured deposits. At failure it held $7.6M in assets and $7.9M in deposits. The FDIC's estimated loss on the failure is $974K (12.9% of assets).