MAJOR FEDERAL S&LA Failed 1986
What happened
MAJOR FEDERAL S&LA of CINCINNATI, OH was closed on 1986-07-25. The FDIC was named receiver.
Resolution: ABT
Deposits were transferred to CHARTER OAK FSB (CINCINNATI, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1242
- FDIC Certificate
- 30768
- FDIC FIN
- 0
- Bank name
- MAJOR FEDERAL S&LA
- Location
- CINCINNATI, OH
- Failure date
- 1986-07-25
- FDIC resolution date
- 1987-03-31
- Charter type
- SL
- Resolution type
- ABT
- FDIC DIF cost (est.)
- $9M
- Deposits at failure
- $21M
- Assets at failure
- $25M
- Acquiring bank
- CHARTER OAK FSB (CINCINNATI, OH)