FIRST FEDERAL BANK Failed 2013

What happened

FIRST FEDERAL BANK of LEXINGTON, KY was closed on 2013-04-19. The FDIC was named receiver.

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

Deposits were transferred to YOUR COMMUNITY BANK (NEW ALBANY, IN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

4040

FDIC Certificate

29594

FDIC FIN

10474

Bank name

FIRST FEDERAL BANK

Location

LEXINGTON, KY

Failure date

2013-04-19

FDIC resolution date

2013-04-19

Charter type

Savings bank

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$8M

Deposits at failure

$87M

Assets at failure

$93M

Acquiring bank

YOUR COMMUNITY BANK (NEW ALBANY, IN)