Bank Failure
Hamilton County State Bank
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Closed June 12, 1987 · Lockland, OH · FDIC Cert #23207.
- Closing date
- June 12, 1987
- Headquarters
- Lockland, OH
- FDIC Certificate
- 23207
- Total assets at closing
- $13.8M
- Total deposits at closing
- $11.5M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Provident Bank
Context
On June 12, 1987, regulators closed Hamilton County State Bank, headquartered in Lockland, OH. At closing, the institution held approximately $13.8M in assets and $11.5M in deposits. The FDIC record names Provident Bank as the acquiring institution in the resolution.
By assets at closing this is the 2594th largest of the 3,526 bank failures in the FDIC record, and the 146th of 217 in 1987. 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 Hamilton County State Bank fail?
Hamilton County State Bank was closed by regulators on June 12, 1987.
Who acquired Hamilton County State Bank?
The FDIC record names Provident Bank as the acquiring institution in the resolution of Hamilton County State Bank.
How big was Hamilton County State Bank when it failed?
Hamilton County State Bank had approximately $13.8M in total assets and $11.5M in deposits at the time of failure.
Other failures in 1987
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1987 | First State Bank at Shoshoni | $4.6M |
| Dec 17, 1987 | Usbank | $86.0M |
| Dec 17, 1987 | Bank of Mabank | $43.8M |
| Dec 17, 1987 | American Bank of Commerce | $35.5M |
| Dec 11, 1987 | First Interstate Bank of Alaska | $367.7M |
| Dec 11, 1987 | Lewis and Clark State Bank | $20.3M |
| Dec 10, 1987 | Heritage National Bank | $53.2M |
| Dec 10, 1987 | Bancfirst-Austin, N.A. | $25.3M |
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