# CONCORD-LIBERTY FED. S & L ASSOC.

> **Failed bank** · MONROEVILLE, PA · failed 1989-03-09 · SL · FDIC cost $19M

## What happened

CONCORD-LIBERTY FED. S & L ASSOC. of MONROEVILLE, PA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $19M
- **Deposits at failure:** $238M
- **Assets at failure:** $220M
- **Acquiring bank:** PARKVALE SA (MONROEVILLE, PA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CONCORD-LIBERTY%20FED.%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CONCORD-LIBERTY FED. S & L ASSOC. (FDIC ID 2178), failed 1989-03-09. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2178.

---

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