UNITED FSB Failed 1991
What happened
UNITED FSB of PRESTONSBURG, 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 PIKEVILLE NB&TC (PIKEVILLE, KY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3176
- FDIC Certificate
- 30961
- FDIC FIN
- 2148
- Bank name
- UNITED FSB
- Location
- PRESTONSBURG, KY
- Failure date
- 1991-08-30
- FDIC resolution date
- 1991-11-22
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $39M
- Assets at failure
- $40M
- Acquiring bank
- PIKEVILLE NB&TC (PIKEVILLE, KY)