# THE STATE S&L CO.

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

## What happened

THE STATE S&L CO. of EUCLID, 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:** 1222
- **FDIC Certificate:** 28491
- **FDIC FIN:** 1688
- **Bank name:** THE STATE S&L CO.
- **Location:** EUCLID, 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:** $402M
- **Assets at failure:** $382M
- **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
- CITIZENS HOME SAVINGS COMPANY (LORAIN, OH) — failed 1986-06-27 — /failed-bank/1221

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20STATE%20S%26L%20CO.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE STATE S&L CO. (FDIC ID 1222), failed 1986-06-27. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1222.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*