Bank failure · OH

First Border Sb (Piqua, OH) — failed December 17, 1988

First Border Sb of Piqua, Ohio was closed on December 17, 1988 and resolved through a a/a. World S&la of Ohio (OH) took over its insured deposits. At failure it held $111.0M in assets and $107.2M in deposits. The FDIC's estimated loss on the failure is $19.6M (17.6% of assets).