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Bank Failures

Failed Bank Information for Resolute Bank, Maumee, OH

On Friday, October 25, 2019, Resolute Bank was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. Buckeye State Bank, Powell, OH acquired all deposit accounts.

The FDIC as Receiver for Resolute Bank, Maumee, OH has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on April 27, 2021 and has made all dividend distributions required by law.

Effective November 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: November 1, 2021
Icon for Notice of Intent to Terminate

Notice of Intent to Terminate

Publication Date: April 27, 2021
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Dividend Information

Report on dividends paid
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Press Release

Official press release

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Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: BUCKEYE STATE BANK

About Buckeye State Bank

All deposit accounts, including brokered deposits, were transferred to Buckeye State Bank, Powell, OH ("assuming institution"). Former Resolute Bank locations reopened as branches of Buckeye State Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Buckeye State Bank for at least six months after the failure of Resolute Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Buckeye State Bank as long as the deposits are not pledged as collateral for loans.

Contacting Buckeye State Bank

You can contact Buckeye State Bank:

Buckeye State Bank
9494 Wedgewood Boulevard
Powell, OH 43065

Buckeye State Bank (www.joinbsb.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: November 23, 2021