Data / Bank failures / 1986 / Citizens Home Savings Company
Citizens Home Savings Company, Lorain, OH: received FDIC assistance June 27, 1986
Citizens Home Savings Company in Lorain, Ohio, received open bank assistance from the FDIC on June 27, 1986. It held $156.1 million in assets and $168.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $137,933 (0.1% of its assets). By assets it was the 34th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- June 27, 1986
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First Nationwide SVG FS&LA, San Francisco, CA
- Total assets
- $156,119,000
- Total deposits
- $168,623,000
- Estimated cost to the FDIC
- $137,933 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28149
Other bank failures in Ohio, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Border SB (assistance) | Piqua | December 17, 1988 | $111 million | $107.2 million | $19.6 million | World S&LA of Ohio |
| Ohio Valley (assistance) | Steubenville | December 17, 1988 | $203.9 million | $238 million | $63.2 million | World S&LA |
| Cardinal FSB (assistance) | Cleveland | December 1, 1988 | $1.47 billion | $1.46 billion | $452.7 million | Cardinal FSB |
| Southside S&L (assistance) | Lima | November 1, 1988 | $54.1 million | $54.7 million | $12.1 million | South Side Savings Bank FSB |
| Peoples FSB (assistance) | Wooster | October 25, 1988 | $341.1 million | $347.3 million | $33.4 million | Peoples Federal Savings Ban |
| Unity Bank | Dayton | April 22, 1988 | $7.1 million | $6.7 million | $1.9 million | First National Bank |
| American National Bank (assistance) | Parma | February 12, 1988 | $27.8 million | $25.4 million | American National Bank | |
| Community FS&LA (assistance) | Hamilton | December 29, 1987 | $405.6 million | $379 million | $21.3 million | Union Federal Savings Bank |
Other failed banks First Nationwide SVG FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Lincoln FS&LA (assistance) | Louisville | KY | December 31, 1986 | $460.8 million | $478.3 million | $93 million | First Nationwide SVG FS&LA |
| The State S&L Co. (assistance) | Euclid | OH | June 27, 1986 | $381.7 million | $401.8 million | $176,067 | First Nationwide SVG FS&LA |
All bank failures in 1986 · All bank failures in Ohio · Every failed bank First Nationwide SVG FS&LA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.