Ohio's first banks, in Marietta and Chillicothe, were incorporated in 1808, and a state bank was authorized in 1845. There were318 insured banks in Ohio in 2002, with total assets of $582 billion. One hundred fourteen of these banks were state-chartered. There were 62 savings and loans in Ohio in 2002. At the end of 1995, the Resolution Trust Corporation had resolved 18 institutions at a cost of $664 million. Ohio ranks 4th in the nation for percentage of total assets held and 9th in the number of banks.
Many of Ohio's banks have large concentrations of commercial real estate (CRE) or non-residential real estate loans. Ohio's large banks saw significantly higher delinquencies in oneto-four family loans than community banks (those with assets of less than $1 billion). Although large bank delinquencies in nonresidential real estate loans also increased as of 2002, the increase was not as dramatic.