Bank failure · PA
Bell Federal Savings (Upper Darby, PA) — failed March 15, 1991
Bell Federal Savings of Upper Darby, Pennsylvania was closed on March 15, 1991 and resolved through a purchase and assumption. Meridian Bank (PA) took over its insured deposits. At failure it held $850.6M in assets and $734.0M in deposits. The FDIC's estimated loss on the failure is $197.3M (23.2% of assets).
- Closing date
- March 15, 1991
- FDIC certificate #
- 28791
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Meridian Bank
- Insurance fund
- RTC
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