Bank failure · OH
Liberty Sb, FSB (Marietta, OH) — failed May 3, 1991
Liberty Sb, FSB of Marietta, Ohio was closed on May 3, 1991 and resolved through a purchase and assumption. People'S B&tc (OH) took over its insured deposits. At failure it held $17.8M in assets and $17.8M in deposits. The FDIC's estimated loss on the failure is $3.3M (18.7% of assets).
- Closing date
- May 3, 1991
- FDIC certificate #
- 30686
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- People'S B&tc
- Insurance fund
- RTC
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