Bank failure · PA
Colony Savings Bank, FSB (Monaca, PA) — failed April 5, 1990
Colony Savings Bank, FSB of Monaca, Pennsylvania was closed on April 5, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $427.5M in assets and $330.7M in deposits. The FDIC's estimated loss on the failure is $82.1M (19.2% of assets).
- Closing date
- April 5, 1990
- FDIC certificate #
- 27839
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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