Bank failure · KY
Sparta-Sanders State Bank (Sparta, KY) — failed April 15, 1983
Sparta-Sanders State Bank of Sparta, Kentucky was closed on April 15, 1983 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $19.0M in assets and $18.5M in deposits. The FDIC's estimated loss on the failure is $6.6M (34.9% of assets).
- Closing date
- April 15, 1983
- FDIC certificate #
- 15301
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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