# FIRST FEDERAL SAVINGS OF TOLEDO

> **Failed bank** · TOLEDO, OH · failed 1991-02-01 · SL · FDIC cost $38M

## What happened

FIRST FEDERAL SAVINGS OF TOLEDO of TOLEDO, OH was closed by state regulators on **1991-02-01**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 3007
- **FDIC Certificate:** 29422
- **FDIC FIN:** 2117
- **Bank name:** FIRST FEDERAL SAVINGS OF TOLEDO
- **Location:** TOLEDO, OH
- **Failure date:** 1991-02-01
- **FDIC resolution date:** 1991-09-27
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $38M
- **Deposits at failure:** $1,016M
- **Assets at failure:** $1,023M
- **Acquiring bank:** FIRST FSB (CLEVELAND, OH)

## Other banks FIRST FSB has acquired in FDIC resolutions

- FIRST FEDERAL SAVINGS & LOAN (SAN ANTONIO, TX) — failed 1991-01-04 — /failed-bank/2984
- FIRST FEDERAL SAV. ASSOC./BLUEFIELD (BLUEFIELD, WV) — failed 1990-02-23 — /failed-bank/2669
- BROADVIEW SAVINGS BANK (CLEVELAND, OH) — failed 1989-03-30 — /failed-bank/2299
- PAN AMERICAN, FS&LA (RIO PIEDRAS, PR) — failed 1981-11-20 — /failed-bank/614
- FIRST FS&LA OF PUERTO RICO (SANTURCE, PR) — failed 1981-11-20 — /failed-bank/613

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FEDERAL%20SAVINGS%20OF%20TOLEDO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FEDERAL SAVINGS OF TOLEDO (FDIC ID 3007), failed 1991-02-01. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/failed-bank/3007.

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