Ohio Legacy Corp., which is scrambling to raise capital or find a buyer, has joined the list of companies warning of possible failure.

The $184 million-asset Wooster company, which has been plagued by bad construction loans and securities losses over the past few quarters, said last week that its auditors have questioned its viability, because its Ohio Legacy Bank is undercapitalized.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.