Data / Bank failures / 1987 / Community FS&LA
Community FS&LA, Hamilton, OH: received FDIC assistance December 29, 1987
Community FS&LA in Hamilton, Ohio, received open bank assistance from the FDIC on December 29, 1987. It held $405.6 million in assets and $379 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $21.3 million (5.2% of its assets). By assets it was the 11th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- December 29, 1987
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Union Federal Savings Bank, Indianapolis, IN
- Total assets
- $405,642,000
- Total deposits
- $379,047,000
- Estimated cost to the FDIC
- $21,259,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28015
Other bank failures in Ohio, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Civic Savings Bank | Portsmouth | June 8, 1989 | $98.7 million | $101.3 million | $12.9 million | |
| Midland Buckeye Savings | Alliance | March 30, 1989 | $218.8 million | $212.3 million | $24.9 million | Citizens Banking Co. |
| Broadview Savings Bank | Cleveland | March 30, 1989 | $1.78 billion | $1.14 billion | $94.7 million | First FSB |
| 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 |
All bank failures in 1987 · 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.