Published
February 16, 2026
Updated
July 29, 2026
The Limestone Bank settlement provides automatic relief for certain overdraft and account-verification fees; class members did not need to file claims.
Current Status
Final approval has been granted. The settlement administrator says eligible class members will receive automatic checks or account credits, along with applicable debt forgiveness, after the settlement becomes effective. No public payment-issuance date is posted.StatusFinal approval granted
Claim DeadlineNo claim form required
BenefitAutomatic check, account credit, or debt forgiveness
Proof RequiredNo claim submission required
What Was This Case About?
The lawsuit alleged that Limestone Bank improperly charged overdraft fees on debit-card transactions authorized when an account had sufficient funds but posted after the balance became negative, as well as fees connected with third-party bank-account verification. Peoples Bank denied wrongdoing and liability.Who Was Included?
The settlement covers certain Limestone Bank customers charged qualifying authorized-positive, settled-negative overdraft fees or Verify Bank fees from May 3, 2013 through April 30, 2023. The administrator determines eligibility from bank records.How Will Relief Be Delivered?
Current customers are expected to receive account credits, while former customers are expected to receive checks. Qualifying unpaid fees may also be forgiven. Class members should use the official site for any distribution update.Official Information
Review notices and documents on the Cooper Overdraft Settlement website.
Settlement Amount
$950,000 cash fund plus debt forgiveness; total value at least $1,112,729
Case Title
Cooper v. Peoples Bank
Case Number
3:23-cv-00389
Court
U.S. District Court for the Western District of Kentucky
Current Milestone
Final approval granted; automatic distribution date not posted
Official Website
Cooper Overdraft Settlement
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