Buckeye State Bank Assumes All of the Deposits of Resolute Bank — 2019-10-25

WASHINGTON – Resolute Bank in Maumee, Ohio, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Buckeye State Bank in Powell, Ohio, to assume all of the deposits of Resolute Bank. The sole branch of Resolute Bank will reopen as a branch of Buckeye State Bank during normal business hours. Depositors of Resolute Bank will automatically become depositors of Buckeye State Bank. Deposits will continue to be insured by the FDIC, so customers do not need to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.