Data / Bank failures / 1970 / Farmers Bank of Petersburg
Farmers Bank of Petersburg, Petersburg, KY: failed June 25, 1970
Farmers Bank of Petersburg in Petersburg, Kentucky, failed on June 25, 1970. It held $1.1 million in assets and $1.3 million in deposits at its last report. By assets it was the 7th largest of 7 banks closed or assisted in 1970.
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The FDIC's record
- Closed
- June 25, 1970
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $1,074,000
- Total deposits
- $1,259,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 13164
Other bank failures in Kentucky, 1968 to 1972
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Berea Bank and Trust Company | Berea | October 8, 1970 | $5.9 million | $5.4 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 2026-10-23. 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.