First Federal hangs on to Louisville branches

The First Federal Savings Bank company will include four Louisville branches for the time being, now that a deal to sell the branches has fallen apart.

First Security Bank of Owensboro Inc. no longer plans to purchase the four Louisville branches of First Federal Savings Bank. The bank has terminated the branch purchase agreement with First Federal’s parent company, First Financial Service Corp.

The Owensboro bank couldn’t raise the necessary capital from its investors to make the purchase, First Financial President Greg Schreacke said.

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