The Office of the Comptroller of the Currency appointed the Federal Deposit Insurance Corporation as receiver for Kentland Federal Savings and Loan Association in Kentland, Indiana, placing the institution into receivership after concluding there was no reasonable prospect it would become adequately capitalized. As of March 31, 2026, the institution had about USD 3.7 million in total assets. The Office of the Comptroller of the Currency cited substantial dissipation of assets and earnings due to unsafe and unsound practices. It also found that losses had depleted the bank’s capital and that the institution was critically undercapitalized. The Federal Deposit Insurance Corporation will provide information on the bank’s resolution.
Office of the Comptroller of the Currency2026-07-10
United States Office of the Comptroller of the Currency appoints FDIC receiver for Kentland Federal Savings and Loan Association after finding critical undercapitalization
The Office of the Comptroller of the Currency appointed the Federal Deposit Insurance Corporation as receiver for Kentland Federal Savings and Loan Association in Indiana. The action followed findings of unsafe and unsound practices, capital-depleting losses and critical undercapitalization at the USD 3.7 million institution.