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Bank failure · OH

Citizens Home Savings Company (Lorain, OH) — failed June 27, 1986

Citizens Home Savings Company of Lorain, Ohio was closed on June 27, 1986 and resolved through a a/a. First Nationwide Svg Fs&la (CA) took over its insured deposits. At failure it held $156.1M in assets and $168.6M in deposits. The FDIC's estimated loss on the failure is $138K (0.1% of assets).

Closing date
June 27, 1986
FDIC certificate #
28149
Resolution
A/A (assistance)
Acquiring institution
First Nationwide Svg Fs&la
Insurance fund
FSLIC

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What happens when a bank fails