The Federal Deposit Insurance Corporation was appointed receiver for Kentland Federal Savings and Loan Association after the Office of the Comptroller of the Currency closed the Indiana institution. The FDIC entered into an agreement with Kentland Bank of Kentland, Indiana, which is not affiliated with the failed thrift, to purchase substantially all assets and assume all deposits. As of March 31, 2026, Kentland Federal Savings and Loan Association had USD 3.73 million in total assets and USD 3.65 million in total deposits. The institution was the smallest standalone bank in the United States. The FDIC said the sole branch of the failed institution will permanently close, and it preliminarily estimates the failure will cost the Deposit Insurance Fund about USD 1.2 million. Depositors of Kentland Federal Savings and Loan Association will automatically become depositors of Kentland Bank, with assumed deposits continuing to be insured by the FDIC. Customers will have immediate access to their deposits at all Kentland Bank branches during normal business hours beginning Monday, July 13, 2026, and loan customers should make payments to Kentland Bank.
Federal Deposit Insurance Corporation2026-07-10
Federal Deposit Insurance Corporation takes receivership of Kentland Federal Savings and Loan Association and transfers deposits to Kentland Bank
The Federal Deposit Insurance Corporation was appointed receiver for Kentland Federal Savings and Loan Association after its closure and arranged for Kentland Bank to assume all deposits and purchase substantially all assets. The failed Indiana institution had USD 3.73 million in assets and USD 3.65 million in deposits as of March 31, 2026, and the FDIC estimates a USD 1.2 million cost to the Deposit Insurance Fund. Depositors will automatically move to Kentland Bank and can access funds there beginning July 13, 2026.