Bank of Somerset

Status:Inactive as of 08/01/1985
 Merger - Without Assistance
Successor Bank:Cumberland Security Bank, Inc.
Headquarters:Bank of Somerset
U.S. Highway 27
Somerset, KY 42501
Established:11/12/1970
FDIC Insurance:11/12/1970
FDIC Cert:#20295
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$25,924,000
Total Deposits:$22,155,000

History

1970-11-12Institution established: Original name:Bank of Somerset
1985-08-01Changed name to Cumberland Security Bank, Inc. (11358)
1985-08-01Merged into and subsequently operated as part of Cumberland Security Bank, Inc. (11358) in SOMERSET, KY
1997-02-05Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED