Bank failure · PA

First Fs & LA of Pittsburg (Pittsburgh, PA) — failed January 4, 1991

First Fs & LA of Pittsburg of Pittsburgh, Pennsylvania was closed on January 4, 1991 and resolved through a purchase and assumption. PNC Interim FSB (PA) took over its insured deposits. At failure it held $3.1B in assets and $2.3B in deposits. The FDIC's estimated loss on the failure is $96.0M (3.1% of assets).