# CITIZENS HOME SAVINGS COMPANY

> **Failed bank** · LORAIN, OH · failed 1986-06-27 · SL · FDIC cost $0M

## What happened

CITIZENS HOME SAVINGS COMPANY of LORAIN, OH was closed by state regulators on **1986-06-27**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST NATIONWIDE SVG FS&LA** (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1221
- **FDIC Certificate:** 28149
- **FDIC FIN:** 1688
- **Bank name:** CITIZENS HOME SAVINGS COMPANY
- **Location:** LORAIN, OH
- **Failure date:** 1986-06-27
- **FDIC resolution date:** 1986-06-27
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $169M
- **Assets at failure:** $156M
- **Acquiring bank:** FIRST NATIONWIDE SVG FS&LA (SAN FRANCISCO, CA)

## Other banks FIRST NATIONWIDE SVG FS&LA has acquired in FDIC resolutions

- LINCOLN FS&LA (LOUISVILLE, KY) — failed 1986-12-31 — /failed-bank/1332
- THE STATE S&L CO. (EUCLID, OH) — failed 1986-06-27 — /failed-bank/1222

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CITIZENS%20HOME%20SAVINGS%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS HOME SAVINGS COMPANY (FDIC ID 1221), failed 1986-06-27. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/failed-bank/1221.

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