OCC terminates formal written agreement with First Federal Savings Bank of Kentucky, lifting troubled condition status

Kentucky First Federal Bancorp

OCC terminated August 13, 2024 formal written agreement with First Federal Savings Bank of Kentucky.
Bank no longer considered in 'troubled condition'; individual minimum capital requirements lifted.
Capital levels had already exceeded and continue to exceed the individually imposed minimums.
Termination occurred in less than 20 months; management expresses satisfaction.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kentucky First Federal Bancorp terminated Formal Written Agreement dated August 13, 2024 with Office of the Comptroller of the Currency valued at Termination of the Agreement (effective 2026-02-19).

Action: termination
Counterparty: Office of the Comptroller of the Currency
Value: Termination of the Agreement
Effective: 2026-02-19

Exact text from the filing

On February 19, 2026, the Office of the Comptroller of the Currency (the “OCC”), the primary federal banking regulator of First Federal Savings Bank of Kentucky (the “Bank”), the indirect wholly-owned bank subsidiary of Kentucky First Federal Bancorp (the “Company”), published notification that the OCC has terminated its formal written agreement, dated August 13, 2024 (the “Agreement”), with the Bank.

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Source: SEC EDGAR

accession 0001213900-26-018452

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