Data / Bank failures / 1990 / Freedom Sa
Freedom Sa, Columbus, OH: failed February 16, 1990
Freedom Sa in Columbus, Ohio, failed on February 16, 1990. It held $360.4 million in assets and $311.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $42.7 million (11.9% of its assets). By assets it was the 61st largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- February 16, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $360,378,000
- Total deposits
- $311,944,000
- Estimated cost to the FDIC
- $42,722,216 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 27850
Other bank failures in Ohio, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Crestline FS & La | Crestline | November 20, 1992 | $27.5 million | $26.8 million | $6.9 million | Premier B&T |
| Transohio, FSB | Cleveland | July 10, 1992 | $3.37 billion | $2.40 billion | $52.1 million | |
| First Ohio SB, FSB | ST. Bernard | March 13, 1992 | $40.8 million | $31.8 million | $228 | Patriot FSB |
| 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 |
All bank failures in 1990 · 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.