Bank Failure
Louisa Community Bank
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Closed October 25, 2019 · Louisa, KY · FDIC Cert #58112.
- Closing date
- October 25, 2019
- Headquarters
- Louisa, KY
- FDIC Certificate
- 58112
- Total assets at closing
- $28.2M
- Total deposits at closing
- $25.2M
- Estimated loss to the insurance fund
- $4.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Kentucky Farmers Bank Corporation
Context
On October 25, 2019, regulators closed Louisa Community Bank, headquartered in Louisa, KY. At closing, the institution held approximately $28.2M in assets and $25.2M in deposits. The FDIC record names Kentucky Farmers Bank Corporation as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $4.3M.
By assets at closing this is the 2090th largest of the 3,526 bank failures in the FDIC record, and the 3rd of 4 in 2019. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Louisa Community Bank fail?
Louisa Community Bank was closed by regulators on October 25, 2019.
Who acquired Louisa Community Bank?
The FDIC record names Kentucky Farmers Bank Corporation as the acquiring institution in the resolution of Louisa Community Bank.
How big was Louisa Community Bank when it failed?
Louisa Community Bank had approximately $28.2M in total assets and $25.2M in deposits at the time of failure.
Other failures in 2019
| Date | Bank | Assets |
|---|---|---|
| Nov 1, 2019 | City National Bank of New Jersey | $120.6M |
| Oct 25, 2019 | Resolute Bank | $23.3M |
| May 31, 2019 | Enloe State Bank | $36.7M |
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