UNION DEPOSIT BANK Failed 1986

UNION, KY · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

UNION DEPOSIT BANK of UNION, KY was closed on 1986-06-26. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to CENTRAL TRUST CO (UNION, KY). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1216
FDIC Certificate
8765
FDIC FIN
6708
Bank name
UNION DEPOSIT BANK
Location
UNION, KY
Failure date
1986-06-26
FDIC resolution date
1986-06-26
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$1M
Deposits at failure
$5M
Assets at failure
$6M
Acquiring bank
CENTRAL TRUST CO (UNION, KY)