Bank failure · OH

First Savings & Loan (Massilon, OH) — failed April 20, 1990

First Savings & Loan of Massilon, Ohio was closed on April 20, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $168.2M in assets and $157.9M in deposits. The FDIC's estimated loss on the failure is $14.4M (8.6% of assets).