# MIDLAND BUCKEYE SAVINGS

> **Failed bank** · ALLIANCE, OH · failed 1989-03-30 · SL · FDIC cost $25M

## What happened

MIDLAND BUCKEYE SAVINGS of ALLIANCE, OH was closed by state regulators on **1989-03-30**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CITIZENS BANKING CO.** (SALINEVILLE, OH). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2302
- **FDIC Certificate:** 29694
- **FDIC FIN:** 7160
- **Bank name:** MIDLAND BUCKEYE SAVINGS
- **Location:** ALLIANCE, OH
- **Failure date:** 1989-03-30
- **FDIC resolution date:** 1990-09-07
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $212M
- **Assets at failure:** $219M
- **Acquiring bank:** CITIZENS BANKING CO. (SALINEVILLE, OH)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MIDLAND BUCKEYE SAVINGS (FDIC ID 2302), failed 1989-03-30. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2302.

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