Data / Bank failures / 1986 / Union Deposit Bank
Union Deposit Bank, Union, KY: failed June 26, 1986
Union Deposit Bank in Union, Kentucky, failed on June 26, 1986. Central Trust Co of Union, KY, took over its deposits. It held $5.8 million in assets and $5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.3 million (21.8% of its assets). By assets it was the 196th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- June 26, 1986
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Central Trust Co, Union, KY
- Total assets
- $5,766,000
- Total deposits
- $4,998,000
- Estimated cost to the FDIC
- $1,256,216 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 8765
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 |
| 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 |
| Home FS&LA (assistance) | Paducah | December 2, 1985 | $106.7 million | $106.1 million | $21.2 million | Republic Savings, FSB |
All bank failures in 1986 · 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.