LOUISA COMMUNITY BANK Failed 2019

LOUISA, KY · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

LOUISA COMMUNITY BANK of LOUISA, KY was closed on 2019-10-25. The FDIC was named receiver.

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

Deposits were transferred to KENTUCKY FARMERS BANK CORPORATION (CATLETTSBURG, KY). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID: 4098
FDIC Certificate: 58112
FDIC FIN: 10532
Bank name: LOUISA COMMUNITY BANK
Location: LOUISA, KY
Failure date: 2019-10-25
FDIC resolution date: 2019-10-25
Charter type: State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type: Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.): $4M
Deposits at failure: $25M
Assets at failure: $28M
Acquiring bank: KENTUCKY FARMERS BANK CORPORATION (CATLETTSBURG, KY)