# FIRST FEDERAL BANK

> **Failed bank** · LEXINGTON, KY · failed 2013-04-19 · Savings bank · FDIC cost $8M

## What happened

FIRST FEDERAL BANK of LEXINGTON, KY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $87M
- **Assets at failure:** $93M
- **Acquiring bank:** YOUR COMMUNITY BANK (NEW ALBANY, IN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FEDERAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL BANK (FDIC ID 4040), failed 2013-04-19. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4040.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*