Data / Bank failures / 1988 / Morehead National Bank
Morehead National Bank, Morehead, KY: received FDIC assistance March 15, 1988
Morehead National Bank in Morehead, Kentucky, received open bank assistance from the FDIC on March 15, 1988. It held $7.6 million in assets and $7.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $974,179 (12.9% of its assets). By assets it was the 450th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- March 15, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Morehead National Bank, Morehead, KY
- Total assets
- $7,581,000
- Total deposits
- $7,865,000
- Estimated cost to the FDIC
- $974,179 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 25783
Other bank failures in Kentucky, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Corinth Deposit National Bank | Corinth | April 19, 1990 | $8.7 million | $8.7 million | $401,514 | The National Bank of Corint |
| Henderson Home S & La | Henderson | February 2, 1990 | $50.4 million | $49.8 million | $2.2 million | Farmers B&TC |
| 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 | |
| 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 |
| Lincoln FS&LA (assistance) | Louisville | December 31, 1986 | $460.8 million | $478.3 million | $93 million | First Nationwide SVG FS&LA |
| Continental National Bank of Kentucky | Louisville | June 26, 1986 | $10.1 million | $10.2 million | $405,098 | River City Bank Inc |
All bank failures in 1988 · 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.