Data / Bank failures / 1988 / Unity Bank
Unity Bank, Dayton, OH: failed April 22, 1988
Unity Bank in Dayton, Ohio, failed on April 22, 1988. First National Bank of Dayton, OH, took over its deposits. It held $7.1 million in assets and $6.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.9 million (26.4% of its assets). By assets it was the 453rd largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- April 22, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First National Bank, Dayton, OH
- Total assets
- $7,066,000
- Total deposits
- $6,685,000
- Estimated cost to the FDIC
- $1,864,111 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 20229
Other bank failures in Ohio, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Mid-America FS & La | Columbus | December 15, 1990 | $1.21 billion | $894.3 million | $71,279 | NBD Bank |
| Superior Fsa | Cleveland | October 23, 1990 | $95.9 million | $58 million | $20.6 million | Home FSB, Northern Oh |
| Pioneer FS & La | Marietta | June 29, 1990 | $9.5 million | $9.1 million | $1 million | |
| First Savings & Loan | Massilon | April 20, 1990 | $168.2 million | $157.9 million | $14.4 million | |
| First Bank National Association | Cleveland | March 9, 1990 | $33.1 million | $32.1 million | $2.2 million | |
| Freedom Sa | Columbus | February 16, 1990 | $360.4 million | $311.9 million | $42.7 million | |
| 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. |
Other failed banks First National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The First State Bank of Regent | Regent | ND | February 22, 1990 | $9.7 million | $9.5 million | $2.9 million | First National Bank |
| Alliance Bank, N.A. (assistance) | Oklahoma City | OK | November 16, 1988 | $8.9 million | $11.9 million | $4.1 million | First National Bank |
| Biwabik State Bank | Biwabik | MN | August 26, 1988 | $3.2 million | $3.2 million | $450,634 | First National Bank |
| Marshall County Bank | Britton | SD | August 19, 1988 | $10.7 million | $9.4 million | $229,170 | First National Bank |
| The Talmage State Bank | Talmage | KS | September 17, 1987 | $6.7 million | $6.7 million | $1.3 million | First National Bank |
All bank failures in 1988 · All bank failures in Ohio · Every failed bank First National Bank 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.