THE MCKINLEY BANK Failed 1991

NILES, OH · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE MCKINLEY BANK of NILES, OH was closed on 1991-02-22. The FDIC was named receiver.

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

Deposits were transferred to THE DOLLAR SAVINGS & TRUST (YOUNGSTOWN, OH). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3021
FDIC Certificate
27170
FDIC FIN
4326
Bank name
THE MCKINLEY BANK
Location
NILES, OH
Failure date
1991-02-22
FDIC resolution date
1991-02-22
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$0M
Deposits at failure
$66M
Assets at failure
$71M
Acquiring bank
THE DOLLAR SAVINGS & TRUST (YOUNGSTOWN, OH)