Bank failure · PA

Homestead Fsa (Middletown, PA) — failed August 30, 1991

Homestead Fsa of Middletown, Pennsylvania was closed on August 30, 1991 and resolved through a purchase and assumption. Farmers Trust Co. (PA) took over its insured deposits. At failure it held $223.2M in assets and $181.0M in deposits. The FDIC's estimated loss on the failure is $17.5M (7.8% of assets).