Home State Savings Bank

Home State Savings Bank
Company typeSavings and loan association
IndustryFinancial services
FoundedBought in 1958 (1958)
Defunct1985 (1985)
FateFailed due to fraud
Headquarters
Cincinnati, Ohio
,
United States
Area served
Ohio
Key people
Marvin L. Warner
ProductsBanking services

Home State Savings Bank was an American savings and loan association based in Cincinnati, Ohio. Its failure in March 1985 led to a bank holiday for 70 other savings institutions that were insured by the Ohio Deposit Guarantee Fund, a private organization. The collapse of Home State Savings Bank drained Ohio’s private savings and loan insurance fund, and caused then Governor Richard Celeste to close 69 thrifts.

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