FUTURE FEDERAL SAVINGS BANK Failed 1991

LOUISVILLE, KY · Savings bank · view on FDIC BankFind ↗

What happened

FUTURE FEDERAL SAVINGS BANK of LOUISVILLE, KY was closed on 1991-08-30. The FDIC was named receiver.

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

Deposits were transferred to CITIZENS FIDELITY B&T (LOUISVILLE, KY). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3175
FDIC Certificate
27862
FDIC FIN
7422
Bank name
FUTURE FEDERAL SAVINGS BANK
Location
LOUISVILLE, KY
Failure date
1991-08-30
FDIC resolution date
1991-08-30
Charter type
Savings bank
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$29M
Deposits at failure
$409M
Assets at failure
$422M
Acquiring bank
CITIZENS FIDELITY B&T (LOUISVILLE, KY)