Data / Bank failures / 1986 / First FS&LA
First FS&LA, Ashtabula, OH: received FDIC assistance January 2, 1986
First FS&LA in Ashtabula, Ohio, received open bank assistance from the FDIC on January 2, 1986. It held $52.8 million in assets and $55.7 million in deposits at its last report. By assets it was the 73rd largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- January 2, 1986
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First Federal of Western Pe, Sharon, PA
- Total assets
- $52,751,000
- Total deposits
- $55,689,000
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 29406
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 |
All bank failures in 1986 · 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.