Bank Failure
First Ohio SB, FSB
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Closed March 13, 1992 · St. Bernard, OH · FDIC Cert #29158.
- Closing date
- March 13, 1992
- Headquarters
- St. Bernard, OH
- FDIC Certificate
- 29158
- Total assets at closing
- $40.8M
- Total deposits at closing
- $31.8M
- Estimated loss to the insurance fund
- Not available (the FDIC feed's figure of $228 is not consistent with a failure of this size)
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Patriot FSB
Context
On March 13, 1992, regulators closed First Ohio SB, FSB, headquartered in St. Bernard, OH. At closing, the institution held approximately $40.8M in assets and $31.8M in deposits. The FDIC record names Patriot FSB as the acquiring institution in the resolution.
By assets at closing this is the 1798th largest of the 3,526 bank failures in the FDIC record, and the 128th of 179 in 1992. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did First Ohio SB, FSB fail?
First Ohio SB, FSB was closed by regulators on March 13, 1992.
Who acquired First Ohio SB, FSB?
The FDIC record names Patriot FSB as the acquiring institution in the resolution of First Ohio SB, FSB.
How big was First Ohio SB, FSB when it failed?
First Ohio SB, FSB had approximately $40.8M in total assets and $31.8M in deposits at the time of failure.
Other failures in 1992
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1992 | The Rushville National Bank | $41.6M |
| Dec 18, 1992 | The Bremen State Bank | $2.7M |
| Dec 11, 1992 | Meritor Savings Bank | $4.13B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| Dec 11, 1992 | Sailors & Merchants B&T Co. | $34.8M |
| Dec 8, 1992 | Palm Beach FSA | $59.4M |
| Dec 4, 1992 | Carteret FSB | $4.83B |
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