Bank failure · OH

Southside S&l (Lima, OH) — failed November 1, 1988

Southside S&l of Lima, Ohio was closed on November 1, 1988 and resolved through a a/a. South Side Savings Bank FSB (OH) took over its insured deposits. At failure it held $54.1M in assets and $54.7M in deposits. The FDIC's estimated loss on the failure is $12.1M (22.4% of assets).