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Bank Failures

Failed Bank Information for Louisa Community Bank, Louisa, KY

On Friday, October 25, 2019, Louisa Community Bank was closed by the Kentucky Department of Financial Institutions. The FDIC was named Receiver. Kentucky Farmers Bank Corporation, Catlettsburg, KY acquired all deposit accounts.

The FDIC as Receiver for Louisa Community Bank, Louisa, KY has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 3, 2021 and has made all dividend distributions required by law.

Effective June 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: June 1, 2022
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Notice of Intent to Terminate

Publication Date: September 3, 2021
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Dividend Information

Report on dividends paid
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Press Release

Official press release

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Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: Kentucky Farmers Bank Corporation

About Kentucky Farmers Bank Corporation

All deposit accounts, including brokered deposits, were transferred to Kentucky Farmers Bank Corporation, Catlettsburg, KY ("assuming institution"). Former Louisa Community Bank locations reopened as branches of Kentucky Farmers Bank Corporation.

Your transferred deposits were separately insured from any accounts you may have already had at Kentucky Farmers Bank Corporation for at least six months after the failure of Louisa Community Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Kentucky Farmers Bank Corporation as long as the deposits are not pledged as collateral for loans.

Contacting Kentucky Farmers Bank Corporation

You can contact Kentucky Farmers Bank Corporation:

Kentucky Farmers Bank Corporation
2500 Broadway St.
Catlettsburg, KY 41129

Kentucky Farmers Bank Corporation (www.kfb.bank)

Transaction Documentation

Purchase & Assumption Agreement - PDF (1.0Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: June 14, 2022