Data / Bank failures / 1991 / The McKinley Bank
The McKinley Bank, Niles, OH: failed February 22, 1991
The McKinley Bank in Niles, Ohio, failed on February 22, 1991. The Dollar Savings & Trust of Youngstown, OH, took over its deposits. It held $70.6 million in assets and $65.6 million in deposits at its last report. By assets it was the 146th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- February 22, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- The Dollar Savings & Trust, Youngstown, OH
- Total assets
- $70,565,000
- Total deposits
- $65,627,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 27170
Other bank failures in Ohio, 1989 to 1993
| 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 1991 · 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.