Bank failure · PA
Concord-Liberty Fed. S & L Assoc. (Monroeville, PA) — failed March 9, 1989
Concord-Liberty Fed. S & L Assoc. of Monroeville, Pennsylvania was closed on March 9, 1989 and resolved through a purchase and assumption. Parkvale Sa (PA) took over its insured deposits. At failure it held $220.3M in assets and $238.4M in deposits. The FDIC's estimated loss on the failure is $19.4M (8.8% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 27885
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Parkvale Sa
- Insurance fund
- RTC
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