Data / Bank failures / 1982 / Security FS&LA
Security FS&LA, Mayfield, KY: received FDIC assistance December 20, 1982
Security FS&LA in Mayfield, Kentucky, received open bank assistance from the FDIC on December 20, 1982. It held $45.9 million in assets and $42 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.2 million (2.7% of its assets). By assets it was the 67th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- December 20, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Lincoln FS&LA, Louisville, KY
- Total assets
- $45,861,986
- Total deposits
- $41,966,988
- Estimated cost to the FDIC
- $1,239,811 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31439
Other bank failures in Kentucky, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Gamaliel Bank | Gamaliel | April 19, 1984 | $22.8 million | $21.5 million | $4.7 million | Deposit Bank of Monroe C |
| Sparta-Sanders State Bank | Sparta | April 15, 1983 | $19 million | $18.5 million | $6.6 million | |
| First Home FS&LA (assistance) | Owensboro | December 20, 1982 | $83.6 million | $65.3 million | $3.2 million | Lincoln FS&LA |
| South East FS&LA (assistance) | Louisville | December 20, 1982 | $132.1 million | $111.8 million | $3.6 million | Lincoln FS&LA |
Other failed banks Lincoln FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Home FS&LA (assistance) | Owensboro | KY | December 20, 1982 | $83.6 million | $65.3 million | $3.2 million | Lincoln FS&LA |
| South East FS&LA (assistance) | Louisville | KY | December 20, 1982 | $132.1 million | $111.8 million | $3.6 million | Lincoln FS&LA |
All bank failures in 1982 · All bank failures in Kentucky · Every failed bank Lincoln FS&LA took over · 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.