Bank failure · PA

Garfield Fs&la (Pottstown, PA) — failed December 20, 1982

Garfield Fs&la of Pottstown, Pennsylvania was closed on December 20, 1982 and resolved through a a/a. Horizon Financial Fa (PA) took over its insured deposits. At failure it held $70.4M in assets and $37.6M in deposits. The FDIC's estimated loss on the failure is $4.3M (6.1% of assets).