# NEW WORLD NATIONAL BANK

> **Failed bank** · PITTSBURGH, PA · failed 1987-10-22 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

NEW WORLD NATIONAL BANK of PITTSBURGH, PA was closed by the OCC on **1987-10-22**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **LINCOLN NATIONAL BANK** (PITTSBURGH, PA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1544
- **FDIC Certificate:** 21951
- **FDIC FIN:** 2741
- **Bank name:** NEW WORLD NATIONAL BANK
- **Location:** PITTSBURGH, PA
- **Failure date:** 1987-10-22
- **FDIC resolution date:** 1987-10-22
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $15M
- **Assets at failure:** $15M
- **Acquiring bank:** LINCOLN NATIONAL BANK (PITTSBURGH, PA)

## Other banks LINCOLN NATIONAL BANK has acquired in FDIC resolutions

- FIRST NATIONAL BANK OF DEL CITY (DEL CITY, OK) — failed 1988-03-25 — /failed-bank/1656

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEW%20WORLD%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW WORLD NATIONAL BANK (FDIC ID 1544), failed 1987-10-22. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/1544.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*