Data / Bank failures / 1970 / Berea Bank and Trust Company
Berea Bank and Trust Company, Berea, KY: failed October 8, 1970
Berea Bank and Trust Company in Berea, Kentucky, failed on October 8, 1970. It held $5.9 million in assets and $5.4 million in deposits at its last report. By assets it was the 5th largest of 7 banks closed or assisted in 1970.
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The FDIC's record
- Closed
- October 8, 1970
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $5,871,000
- Total deposits
- $5,375,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 1876
Other bank failures in Kentucky, 1968 to 1972
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Farmers Bank of Petersburg | Petersburg | June 25, 1970 | $1.1 million | $1.3 million |
All bank failures in 1970 · All bank failures in Kentucky · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.