# MAJOR FEDERAL S&LA

> **Failed bank** · CINCINNATI, OH · failed 1986-07-25 · SL · FDIC cost $9M

## What happened

MAJOR FEDERAL S&LA of CINCINNATI, OH was closed by state regulators 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
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $21M
- **Assets at failure:** $25M
- **Acquiring bank:** CHARTER OAK FSB (CINCINNATI, OH)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MAJOR%20FEDERAL%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MAJOR FEDERAL S&LA (FDIC ID 1242), failed 1986-07-25. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1242.

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