Federal insurance means Ohio residents today won't be victimized if there should be a repeat of the savings and loan collapse of nearly two decades ago.

        In the wake of the savings and loan crisis in Ohio — caused by Home State's failure — all new savings banks and savings and loans were required to make sure deposits were covered by the Federal Deposit Insurance Corp.

        That was not the case nearly 20 years ago. Then, Home State was the main force in the Ohio Deposit Guaranty Fund, which insured about 80 percent of the deposits for all other state-chartered thrifts.

        “The biggest difference be tween now and then is that deposits in state-chartered deposits are FDIC insured,” said Dennis Ginty, a spokesman for the Ohio Department of Commerce.

        The department includes the Ohio Department of Financial Institutions, which regulates all state-chartered savings loans, banks and credit unions in the state.

        As of 2001, there were 68 state-charted thrifts — 42 savings and loans and 26 savings banks. Total assets for those entities were $11.7 billion.

        Mr. Ginty described the financial health of the institutions as good. The state's thrifts are well capitalized and they're achieving good profitability.

        “It's been nearly 10 years since a state-chartered thrift failed in Ohio,” he said.

Settlement signed, hailed as model
Baptist group leaves coalition
Final version lost some of its oomph
From magnate to inmate, his fall hurt many
Federal insurance changed everything
Backers of Israel, Palestine protest
Ballet program spotlights diversity
Child death rate high for county
Cincinnati educators discuss effects of poverty in schools
Grieving Alabama family will bury Dowdle on his birthday
Group gives out awards
NCH lunchtime brawl worries school officials
Portune wants end to gun-law appeals
Retiree aids novice businesses
Star cow a hit in New York
4,000 teens on square take pledge
Tristate A.M. Report
MCNUTT: Warren County
RADEL: Them vs. us
SAMPLES: Dilemma
THOMPSON: Faith Matters
Fake-Viagra verdict due Tuesday
Gadgets can even capture gerbils
GOP candidates offering clear choice
Media violence hurts our kids, author says
New park named for Stephanie Hummer
Springboro manager leaves job abruptly
Traffic signal going up at Yankee and Ohio 63
Dayton charter school likely history
Dayton may end busing
Lotto players buy tickets for 2 games
Budget talks over; rancor's not
Covington officials going on tour to get feedback
Engineering hall of fame inducts 7
English lessons part of immigrants' work day
Wilkinson employees lose class-action claim