Kentland Bank assumes deposits, assets of failed Indiana thrift

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Kentland Bank assumes Indiana thrift

Highlights

Kentland Federal Savings and Loan Association, with $3.73 million in assets and $3.65 million in deposits, was closed by regulators and its deposits assumed by Kentland Bank.
The sole branch of Kentland Federal Savings and Loan Association will permanently close, with customer accounts transitioning immediately and remaining fully insured by the FDIC.
The FDIC estimates the closure will cost the Deposit Insurance Fund approximately $1.2 million.

Regulatory closure and transfer terms

As reported by FDIC, citing the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency closed Kentland Federal Savings and Loan Association of Kentland, Indiana, and appointed the FDIC as receiver. The FDIC then entered into an agreement with Kentland Bank of Kentland, Indiana, which is not affiliated with the failed institution, to purchase substantially all assets and assume all deposits.

As of March 31, 2026, Kentland Federal Savings and Loan Association reports total assets of $3.73 million and total deposits of $3.65 million. The institution is the smallest standalone bank in the U.S.

The sole branch of Kentland Federal Savings and Loan Association will permanently close. Depositors automatically become depositors of Kentland Bank, and the assumed deposits continue to be insured by the FDIC without any need for customers to change their banking relationship.

Customer access and fund impact

Customers of the failed thrift have immediate access to their deposits at all Kentland Bank branches during normal business hours beginning Monday, July 13, 2026. Loan customers should make payments to Kentland Bank at any of its branches.

Kentland Bank's Kentland branch is located at 111 N 4th St, Kentland, Indiana 47951, and can be reached at 219-474-1500. Customers with questions can also visit the FDIC website or call the agency's toll-free line at 1-866-314-1744, which operates on extended evening and weekend hours following the closure.

The FDIC preliminarily estimates the failure will cost the Deposit Insurance Fund about $1.2 million.

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