Bank failure · PA
Atlantic Financial Savings (Bala Cynwyd, PA) — failed January 11, 1990
Atlantic Financial Savings of Bala Cynwyd, Pennsylvania was closed on January 11, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $5.3B in assets and $3.7B in deposits. The FDIC's estimated loss on the failure is $947.0M (17.9% of assets).
- Closing date
- January 11, 1990
- FDIC certificate #
- 28884
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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