Bank failure · OH

Arcanium Fsa (Arcanum, OH) — failed March 15, 1991

Arcanium Fsa of Arcanum, Ohio was closed on March 15, 1991 and resolved through a purchase and assumption. Second Nb (OH) took over its insured deposits. At failure it held $45.4M in assets and $46.8M in deposits. The FDIC's estimated loss on the failure is $2.9M (6.4% of assets).