Bank failure · OH

Oakwood Deposit Bank (Oakwood, OH) — failed February 1, 2002

Oakwood Deposit Bank of Oakwood, Ohio was closed on February 1, 2002 and resolved through a purchase and assumption (insured deposits). The State Bank and Trust Co (OH) took over its insured deposits. At failure it held $72.3M in assets and $60.2M in deposits. The FDIC's estimated loss on the failure is $63.6M (88.0% of assets).