Bank failure · IN

The Rushville National Bank (Rushville, IN) — failed December 18, 1992

The Rushville National Bank of Rushville, Indiana was closed on December 18, 1992 and resolved through a purchase and assumption (insured deposits). Peoples Trust Co (IN) took over its insured deposits. At failure it held $41.6M in assets and $39.7M in deposits. The FDIC's estimated loss on the failure is $6.0M (14.5% of assets).