From Ohio History Central
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In March 1985, the Home State Savings Bank of Cincinnati collapsed, setting off a series of savings-and-loan closures in Ohio and across the United States of America.
The Home State Savings Bank collapse helped trigger other savings-and-loan closures across the United States. Numerous lending institutions closed, leading the federal and various state governments to repay the banks' depositors. In the end, the savings-and-loan crisis cost American taxpayers billions of dollars.
[[Category:Towards the 21st Century]]