The Nation - News from March 11, 1985
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A conservator was appointed for Home State Savings Assn. of Ohio, which has closed its 33 branches and is 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.
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