Bank failure · PA

The Western Saving Fund Society of Philade (Philadelphia, PA) — failed April 2, 1982

The Western Saving Fund Society of Philade of Philadelphia, Pennsylvania was closed on April 2, 1982 and resolved through a a/a. Philadelphia Svg Fund Socie (PA) took over its insured deposits. At failure it held $2.1B in assets and $2.0B in deposits. The FDIC's estimated loss on the failure is $29.3M (1.4% of assets).