Ohio Savings Bank was founded in the year 1889. It was founded in Cleveland, Ohio. While it started as a local venture for savings and loans it has grown its presence to a national level now. It is present in retail banking, mortgage and construction lending of all kinds. They are also in to investment, insurance services and automobile lending services. However, in the year 2009 on the day of 4th December, the bank was shut and all deposit accounts that were with the bank were transferred to New York Community Bank. In the month of April in 2010, the bank started operating as Ohio Savings Bank, which is a division of the New York Community Bank.