CONCORD-LIBERTY FED. S & L ASSOC. Failed 1989
What happened
CONCORD-LIBERTY FED. S & L ASSOC. of MONROEVILLE, PA was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PARKVALE SA (MONROEVILLE, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2178
- FDIC Certificate
- 27885
- FDIC FIN
- 6944
- Bank name
- CONCORD-LIBERTY FED. S & L ASSOC.
- Location
- MONROEVILLE, PA
- Failure date
- 1989-03-09
- FDIC resolution date
- 1989-12-15
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $19M
- Deposits at failure
- $238M
- Assets at failure
- $220M
- Acquiring bank
- PARKVALE SA (MONROEVILLE, PA)