Bank failure · OH

First Federal Savings of Toledo (Toledo, OH) — failed February 1, 1991

First Federal Savings of Toledo of Toledo, Ohio was closed on February 1, 1991 and resolved through a purchase and assumption. First FSB (OH) took over its insured deposits. At failure it held $1.0B in assets and $1.0B in deposits. The FDIC's estimated loss on the failure is $38.4M (3.8% of assets).