Bank failure · PA

The Bank of Brandywine Valley (West Chester, PA) — failed February 21, 1992

The Bank of Brandywine Valley of West Chester, Pennsylvania was closed on February 21, 1992 and resolved through a insured deposit transfer. Wilmington Trust Co (DE) took over its insured deposits. At failure it held $44.9M in assets and $47.3M in deposits. The FDIC's estimated loss on the failure is $12.1M (26.9% of assets).