Bank failure · PA
The Parnassus National Bank (New Kensington, PA) — failed August 25, 1951
The Parnassus National Bank of New Kensington, Pennsylvania was closed on August 25, 1951 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $2.9M in assets and $3.3M in deposits.
- Closing date
- August 25, 1951
- Resolution
- P&A (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
Other failures in 1951
- Brazeau Bank MO