Bank failure · OH

Resolute Bank (Maumee, OH) — failed October 25, 2019

Resolute Bank of Maumee, Ohio was closed on October 25, 2019 and resolved through a purchase and assumption. Buckeye State Bank (OH) took over its insured deposits. At failure it held $23.3M in assets and $22.9M in deposits. The FDIC's estimated loss on the failure is $1.6M (6.7% of assets).