Data / Bank failures / 1986 / Equitable FSB
Equitable FSB, Lancaster, OH: received FDIC assistance July 9, 1986
Equitable FSB in Lancaster, Ohio, received open bank assistance from the FDIC on July 9, 1986. It held $691.5 million in assets and $645.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $152.3 million (22% of its assets). By assets it was the 8th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- July 9, 1986
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Citizens FS&LA, Miami, FL
- Total assets
- $691,489,000
- Total deposits
- $645,718,000
- Estimated cost to the FDIC
- $152,257,000 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- FSLIC
- FDIC certificate
- 28681
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 Citizens FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Citizens FS&LA (assistance) | Seattle | WA | December 1, 1985 | $461.4 million | $353.2 million | $18 million | Citizens FS&LA |
| Centennial S&LA | Guerneville | CA | August 20, 1985 | $368.2 million | $367.8 million | $148.9 million | Citizens FS&LA |
| Gary FS&LA (assistance) | Gary | IN | August 31, 1983 | $15.2 million | $15.7 million | $1.1 million | Citizens FS&LA |
| 1ST FS&LA of E. Chicago (assistance) | East Chicago | IN | August 31, 1983 | $209.5 million | $211.1 million | $12.1 million | Citizens FS&LA |
All bank failures in 1986 · All bank failures in Ohio · Every failed bank Citizens FS&LA took over · 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.