Failures by State
Bank Failures in Kentucky
40 FDIC-insured banks headquartered in Kentucky have failed since 1934. The most recent was Louisa Community Bank on October 25, 2019. The worst year was 1938, with 5 failures. Failed banks held $1.42B in assets at closing.
40
Failures
1934 to 2019
$1.42B
Failed assets
At closing
$214.2M
Estimated DIF loss
FDIC estimate
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All Kentucky events
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Largest bank failures in Kentucky
| Date | Bank | Assets |
|---|---|---|
| Sep 18, 2009 | Irwin Union Bank, FSB | $518.2M |
| Aug 30, 1991 | Future Federal Savings Bank | $422.3M |
| Mar 11, 1988 | First FS&LA of Paducah | $130.9M |
| Apr 19, 2013 | First Federal Bank | $93.0M |
| Feb 2, 1990 | Henderson Home S & La | $50.4M |
| Dec 3, 1987 | The Peoples Bank | $40.9M |
| Aug 30, 1991 | United FSB | $39.9M |
| Oct 25, 2019 | Louisa Community Bank | $28.2M |
| Apr 19, 1984 | Gamaliel Bank | $22.8M |
| Apr 15, 1983 | Sparta-Sanders State Bank | $19.0M |
Kentucky bank failures by year
| Year | Failures | Failed assets |
|---|---|---|
| 2019 | 1 | $28.2M |
| 2013 | 1 | $93.0M |
| 2009 | 1 | $518.2M |
| 1991 | 2 | $462.2M |
| 1990 | 2 | $59.1M |
| 1988 | 2 | $142.9M |
| 1987 | 1 | $40.9M |
| 1986 | 2 | $15.9M |
| 1984 | 1 | $22.8M |
| 1983 | 1 | $19.0M |
| 1976 | 1 | $507K |
| 1970 | 2 | $6.9M |
| 1954 | 1 | $1.0M |
| 1942 | 1 | — |
| 1940 | 2 | $505K |
| 1939 | 4 | $1.0M |
| 1938 | 5 | $643K |
| 1937 | 5 | $2.7M |
| 1936 | 3 | $165K |
| 1935 | 1 | $55K |
| 1934 | 1 | $81K |
Every bank failure in Kentucky
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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