COLUMBUS, Ohio — An out-of-state bank has offered to buy the closed Home State Savings Bank of Cincinnati and to guarantee depositors full protection of their frozen savings, Gov. Richard F. Celeste said today.
As Celeste made the announcement at a news conference in his office, angry chants of "We want our money!" and "Impeach Celeste!" could be heard from several hundred Home State depositors marching outside the Statehouse.
Celeste did not identify the bank he said has offered to buy Home State, closed since March 9 because of a run on deposits.
He said he has asked the Ohio General Assembly to meet Thursday and Friday to pass a bill permitting the sale to an out-of-state institution and that he will give Ohio banks until Thursday to make a better bid.