Bank failure · OH
Gem Fs&la (Norwood, OH) — failed March 1, 1983
Gem Fs&la of Norwood, Ohio was closed on March 1, 1983 and resolved through a a/a. Gem Sa (OH) took over its insured deposits. At failure it held $16.8M in assets and $11.1M in deposits. The FDIC's estimated loss on the failure is $977K (5.8% of assets).
- Closing date
- March 1, 1983
- FDIC certificate #
- 27823
- Resolution
- A/A (assistance)
- Acquiring institution
- Gem Sa
- Insurance fund
- FSLIC
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