Bank failure · PA

Alpha Indian Rock Fs & LA (Philadelphia, PA) — failed February 28, 1992

Alpha Indian Rock Fs & LA of Philadelphia, Pennsylvania was closed on February 28, 1992 and resolved through a purchase and assumption. Roxborough-Manayunk (PA) took over its insured deposits. At failure it held $7.2M in assets and $7.7M in deposits. The FDIC's estimated loss on the failure is $2.8M (38.5% of assets).