# CARDINAL FSB

> **Failed bank** · CLEVELAND, OH · failed 1988-12-01 · Savings bank · FDIC cost $453M

## What happened

CARDINAL FSB of CLEVELAND, OH was closed by state regulators on **1988-12-01**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CARDINAL FSB** (CLEVELAND, OH). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1991
- **FDIC Certificate:** 28596
- **FDIC FIN:** 1780
- **Bank name:** CARDINAL FSB
- **Location:** CLEVELAND, OH
- **Failure date:** 1988-12-01
- **FDIC resolution date:** 1988-12-01
- **Charter type:** Savings bank
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $453M
- **Deposits at failure:** $1,458M
- **Assets at failure:** $1,471M
- **Acquiring bank:** CARDINAL FSB (CLEVELAND, OH)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CARDINAL%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CARDINAL FSB (FDIC ID 1991), failed 1988-12-01. Retrieved via AI Analytics 2026-07-17 from https://api.ai-analytics.org/failed-bank/1991.

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