Bank failure · OH
Midland Buckeye Savings (Alliance, OH) — failed March 30, 1989
Midland Buckeye Savings of Alliance, Ohio was closed on March 30, 1989 and resolved through a purchase and assumption. Citizens Banking Co. (OH) took over its insured deposits. At failure it held $218.8M in assets and $212.3M in deposits. The FDIC's estimated loss on the failure is $24.9M (11.4% of assets).
- Closing date
- March 30, 1989
- FDIC certificate #
- 29694
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens Banking Co.
- Insurance fund
- RTC
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