The Nation - News from March 11, 1985

Home State Savings Assn. of Ohio closed its 33 branches and was seeking a buyer after a run on deposits that began after the government-ordered closing of a major lender, officials said. Depositors started flocking to Home State to withdraw their cash after the court-ordered closure of ESM Government Securities Co., of Fort Lauderdale, Fla. ESM held government securities as collateral on a $670-million loan to Home State.