# LIBERTY BANK & TRUST COMPANY

> **Failed bank** · WARSAW, IN · failed 1988-10-03 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $8M

## What happened

LIBERTY BANK & TRUST COMPANY of WARSAW, IN was closed by regulators on **1988-10-03**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **TRUSTCORP BANK GOSHEN** (GOSHEN, IN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1947
- **FDIC Certificate:** 8040
- **FDIC FIN:** 2925
- **Bank name:** LIBERTY BANK & TRUST COMPANY
- **Location:** WARSAW, IN
- **Failure date:** 1988-10-03
- **FDIC resolution date:** 1988-10-03
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $46M
- **Assets at failure:** $49M
- **Acquiring bank:** TRUSTCORP BANK GOSHEN (GOSHEN, IN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=LIBERTY%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LIBERTY BANK & TRUST COMPANY (FDIC ID 1947), failed 1988-10-03. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/1947.

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