Bank failure · PA
Vanguard Sb (Vandergrief, PA) — failed February 23, 1990
Vanguard Sb of Vandergrief, Pennsylvania was closed on February 23, 1990 and resolved through a purchase and assumption. S&t Bank (PA) took over its insured deposits. At failure it held $176.9M in assets and $150.7M in deposits. The FDIC's estimated loss on the failure is $25.8M (14.6% of assets).
- Closing date
- February 23, 1990
- FDIC certificate #
- 29451
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- S&T Bank
- Insurance fund
- RTC
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