Bank failure · KY
Union Deposit Bank (Union, KY) — failed June 26, 1986
Union Deposit Bank of Union, Kentucky was closed on June 26, 1986 and resolved through a insured deposit transfer. Central Trust Co (KY) took over its insured deposits. At failure it held $5.8M in assets and $5.0M in deposits. The FDIC's estimated loss on the failure is $1.3M (21.8% of assets).
- Closing date
- June 26, 1986
- FDIC certificate #
- 8765
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Central Trust Co
- Insurance fund
- FDIC
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