Bank Branches › Closed and merged banks › Kentucky › Alliance Bank
What happened to Alliance Bank?
Alliance Bank in Somerset, KY (earlier called Mutual Federal Savings and Loan Association and 2 other names) merged into Area Bank of Owensboro, KY on Oct 2, 2000. After 1 more change of hands, what was Alliance Bank is today part of Truist Bank (Charlotte, NC).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1935Mutual Federal Savings and Loan Association opens in Somerset, KY
- Mar 1, 1990renamed Mutual Federal Savings Bank
- Jul 10, 1995renamed Alliance Bank, FSB
- Jan 19, 1999renamed Alliance Bank
- Oct 2, 2000MERGEDAlliance Bank merged into Area Bank of Owensboro, KY.FDIC certificate 30196 ends; its business continues under certificate 18478.
- Jul 12, 2002MERGEDArea Bank of Owensboro, KY merged into Branch Banking and Trust Company of Charlotte, NC.FDIC certificate 18478 ends; its business continues under certificate 9846.
- TodayOPEN
Truist BankMain office Charlotte, NC · FDIC certificate 9846 · 1,928 offices in 18 states on June 30, 2026Every Truist Bank office → Website on file with the FDIC: www.Truist.com
If you still have something from Alliance Bank
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows Alliance Bank as lienholder, start with Truist Bank. In a merger the surviving bank takes over the other bank's loans, so it is the bank to ask for a recordable lien release; if the loan was sold along the way, it can tell you to whom.
The FDIC says it cannot process lien releases for banks that merged or were acquired without government assistance, which is what the record shows here.
Record the release with the same county office that recorded the original mortgage or deed of trust.
An old account, passbook or CD
Ask Truist Bank to search for the account under the name Alliance Bank. A passbook or certificate shows an account existed. It doesn't show the money is still there, and the OCC notes that federal rules require banks to keep most account records for five years.
Accounts nobody touches are eventually turned over to a state. The OCC puts the usual wait at three to five years with no activity, set by each state's law. Search the unclaimed-property program of the state of the owner's last known address on the bank's records, and any other state they lived in. It is free to search and to claim through a state's own site, and MissingMoney.com, an official site of the state administrators' association, searches most states at once.
A safe deposit box
Ask Truist Bank which branch now holds boxes from the Alliance Bank office you used. The OCC says a box with no activity for three to five years (the period is set by state statute) is likely treated as dormant, and its contents may be turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain. The office list below shows which bank each office reports under now.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Its offices in the FDIC deposit reports
11 offices filed under this charter in some year from 1994 on. 3 are still open as of June 30, 2026.
| Office | Now |
|---|---|
| 546 S Highway 27Somerset, KY | OpenTruist Bank |
| 840 Whitley StLondon, KY | OpenTruist Bank |
| 230 Cumberland XingMonticello, KY | OpenTruist Bank |
| 2198 Lakeway DriveRussell Springs, KY | No longer reported |
| 1390 Master StreetCorbin, KY | No longer reported |
| 3977 South Highway 27Somerset, KY | No longer reported |
| 124 North Main StreetSomerset, KY | No longer reported |
| 715 S Main StreetLondon, KY | No longer reported |
| 1390 Master StreetCorbin, KY | No longer reported |
| Cumberland Regional MallWilliamsburg, KY | No longer reported |
| 404 Knox StreetBarbourville, KY | No longer reported |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 30196 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.