# FIRST FS&LA OF MAYFIELD

> **Failed bank** · MAYFIELD, KY · failed 1988-10-12 · SL · FDIC cost $22M

## What happened

FIRST FS&LA OF MAYFIELD of MAYFIELD, KY was closed by state regulators on **1988-10-12**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **REPUBLIC SAVINGS BANK FSB** (LOUISVILLE, KY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1951
- **FDIC Certificate:** 27999
- **FDIC FIN:** 1759
- **Bank name:** FIRST FS&LA OF MAYFIELD
- **Location:** MAYFIELD, KY
- **Failure date:** 1988-10-12
- **FDIC resolution date:** 1988-10-12
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $22M
- **Deposits at failure:** $73M
- **Assets at failure:** $51M
- **Acquiring bank:** REPUBLIC SAVINGS BANK FSB (LOUISVILLE, KY)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FS%26LA%20OF%20MAYFIELD

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA OF MAYFIELD (FDIC ID 1951), failed 1988-10-12. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/1951.

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