Bank failure · PA
Allegiance Bank of North America (Bala Cynwyd, PA) — failed November 19, 2010
Allegiance Bank of North America of Bala Cynwyd, Pennsylvania was closed on November 19, 2010 and resolved through a purchase and assumption. Vist Bank (PA) took over its insured deposits. At failure it held $106.6M in assets and $92.0M in deposits. The FDIC's estimated loss on the failure is $12.7M (11.9% of assets).
- Closing date
- November 19, 2010
- FDIC certificate #
- 35078
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Vist Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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