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Bank failure · PA

Centennial Bank (Philadelphia, PA) — failed October 19, 1976

Centennial Bank of Philadelphia, Pennsylvania was closed on October 19, 1976 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $13.7M in assets and $12.3M in deposits.

Closing date
October 19, 1976
FDIC certificate #
9150
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1976

What happens when a bank fails