Bank failure · PA
Chase Savings & Loan (Philadelphia, PA) — failed November 22, 1991
Chase Savings & Loan of Philadelphia, Pennsylvania was closed on November 22, 1991 and resolved through a purchase and assumption. United Bank of Philadelphia (PA) took over its insured deposits. At failure it held $46.9M in assets and $46.0M in deposits. The FDIC's estimated loss on the failure is $10.4M (22.3% of assets).
- Closing date
- November 22, 1991
- FDIC certificate #
- 30324
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Bank of Philadelphia
- Insurance fund
- RTC
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