First Nationwide bought an S&L; in Kentucky.

In its second such purchase in as many weeks, the giant San Francisco savings and loan company announced that it has taken over Louisville-based Lincoln Federal Savings & Loan, which has 22 branch locations and about $465 million in assets. The purchase was supervised by the Federal Savings & Loan Insurance Corp., which provided the financial assistance to offset Lincoln Federal’s negative net worth. The purchase also gave First Nationwide the right to expand into Virginia and Maryland. First Nationwide now owns and operates S&Ls; in eight states, including Missouri, where it acquired an ailing S&L; last week.