Bank failure · OH

Cardinal FSB (Cleveland, OH) — failed December 1, 1988

Cardinal FSB of Cleveland, Ohio was closed on December 1, 1988 and resolved through a a/a. Cardinal FSB (OH) took over its insured deposits. At failure it held $1.5B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $452.7M (30.8% of assets).