Bank failure · PA
Earthstar Bank (Southampton, PA) — failed December 10, 2010
Earthstar Bank of Southampton, Pennsylvania was closed on December 10, 2010 and resolved through a purchase and assumption. Polonia Bank (PA) took over its insured deposits. At failure it held $112.6M in assets and $104.5M in deposits. The FDIC's estimated loss on the failure is $22.5M (20.0% of assets).
- Closing date
- December 10, 2010
- FDIC certificate #
- 35561
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Polonia Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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