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Bank failure · PA

Home Unity Federal (Lafayette Hill, PA) — failed June 4, 1992

Home Unity Federal of Lafayette Hill, Pennsylvania was closed on June 4, 1992 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $684.8M in assets and $632.3M in deposits. The FDIC's estimated loss on the failure is $18.5M (2.7% of assets).

Closing date
June 4, 1992
FDIC certificate #
28867
Resolution
Purchase and assumption (failure)
Acquiring institution
Branch Sale
Insurance fund
RTC

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