Bank failure · OH

First Fs & LA (Mt. Vernon, OH) — failed August 23, 1991

First Fs & LA of Mt. Vernon, Ohio was closed on August 23, 1991 and resolved through a purchase and assumption. First Fs&la of Wooster (OH) took over its insured deposits. At failure it held $73.1M in assets and $74.4M in deposits. The FDIC's estimated loss on the failure is $4K (0.0% of assets).