Data / Bank failures / 1989 / Civic Savings Bank
Civic Savings Bank, Portsmouth, OH: failed June 8, 1989
Civic Savings Bank in Portsmouth, Ohio, failed on June 8, 1989. It held $98.7 million in assets and $101.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $12.9 million (13.1% of its assets). By assets it was the 221st largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- June 8, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $98,696,000
- Total deposits
- $101,253,000
- Estimated cost to the FDIC
- $12,885,898 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28625
Other bank failures in Ohio, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| United Home Federal | Toledo | September 6, 1991 | $443.4 million | $446.9 million | $9.7 million | Standard FB |
| First FS & La | MT. Vernon | August 23, 1991 | $73.1 million | $74.4 million | $4,163 | First FS&LA of Wooster |
| Merchants & Mechanics FSB | Springfield | August 23, 1991 | $209.9 million | $206.1 million | $22.6 million | Banc One FSB |
| Liberty SB, FSB | Marietta | May 3, 1991 | $17.8 million | $17.8 million | $3.3 million | People's B&TC |
| Columbia Fsa of Hamilton | Hamilton | April 5, 1991 | $61.3 million | $51.7 million | $1.2 million | Home FB, A FSB |
| Arcanium Fsa | Arcanum | March 15, 1991 | $45.4 million | $46.8 million | $2.9 million | Second NB |
| The McKinley Bank | Niles | February 22, 1991 | $70.6 million | $65.6 million | The Dollar Savings & Trust | |
| First Federal Savings of Toledo | Toledo | February 1, 1991 | $1.02 billion | $1.02 billion | $38.4 million | First FSB |
All bank failures in 1989 · All bank failures in Ohio · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.