Data / Bank failures / 1986 / Lincoln FS&LA
Lincoln FS&LA, Louisville, KY: received FDIC assistance December 31, 1986
Lincoln FS&LA in Louisville, Kentucky, received open bank assistance from the FDIC on December 31, 1986. It held $460.8 million in assets and $478.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $93 million (20.2% of its assets). By assets it was the 15th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- December 31, 1986
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First Nationwide SVG FS&LA, San Francisco, CA
- Total assets
- $460,843,000
- Total deposits
- $478,330,000
- Estimated cost to the FDIC
- $93,000,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 27865
Other bank failures in Kentucky, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FS&LA of Mayfield (assistance) | Mayfield | October 12, 1988 | $51.5 million | $72.8 million | $22.1 million | Republic Savings Bank FSB |
| Larue FS&LA | Hodgenville | June 3, 1988 | $12 million | $16.2 million | $4 million | |
| Morehead National Bank (assistance) | Morehead | March 15, 1988 | $7.6 million | $7.9 million | $974,179 | Morehead National Bank |
| First FS&LA of Paducah | Paducah | March 11, 1988 | $130.9 million | $149.1 million | $31.8 million | |
| The Peoples Bank | Olive Hill | December 3, 1987 | $40.9 million | $39.5 million | $7.6 million | Commercial Bank of Grays |
| Continental National Bank of Kentucky | Louisville | June 26, 1986 | $10.1 million | $10.2 million | $405,098 | River City Bank Inc |
| Union Deposit Bank | Union | June 26, 1986 | $5.8 million | $5 million | $1.3 million | Central Trust Co |
| Home FS&LA (assistance) | Paducah | December 2, 1985 | $106.7 million | $106.1 million | $21.2 million | Republic Savings, FSB |
Other failed banks First Nationwide SVG FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The State S&L Co. (assistance) | Euclid | OH | June 27, 1986 | $381.7 million | $401.8 million | $176,067 | First Nationwide SVG FS&LA |
| Citizens Home Savings Company (assistance) | Lorain | OH | June 27, 1986 | $156.1 million | $168.6 million | $137,933 | First Nationwide SVG FS&LA |
All bank failures in 1986 · All bank failures in Kentucky · Every failed bank First Nationwide SVG FS&LA took over · 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.