Troubled Ohio S&L; to be Sold

Home State Savings Bank, whose shutdown triggered Ohio’s savings and loan crisis, will be sold to a Cincinnati-based S&L;, officials announced today as they turned down a bid from Chemical New York Corp.

Robert McAlister, Ohio’s superintendent of S&Ls;, said the offer by Hunter Savings Assn. was essentially the same as that from Chemical, which had appeared to be on the verge of closing a deal sanctioned by Ohio’s governor, General Assembly and a majority of Home State depositors.