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Bank failure · PA

Provident S&la (Philadelphia, PA) — failed July 5, 1983

Provident S&la of Philadelphia, Pennsylvania was closed on July 5, 1983 and resolved through a a/a. Atlantic Financial Federal (PA) took over its insured deposits. At failure it held $51.0M in assets and $48.0M in deposits. The FDIC's estimated loss on the failure is $1.5M (2.9% of assets).

Closing date
July 5, 1983
FDIC certificate #
29843
Resolution
A/A (assistance)
Acquiring institution
Atlantic Financial Federal
Insurance fund
FSLIC

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