HILL FINANCIAL SA Failed 1989
What happened
HILL FINANCIAL SA of RED HILL, 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 MERIDIAN FINANCIAL SA, FA (READING, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2188
- FDIC Certificate
- 30204
- FDIC FIN
- 6939
- Bank name
- HILL FINANCIAL SA
- Location
- RED HILL, PA
- Failure date
- 1989-03-09
- FDIC resolution date
- 1989-10-13
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $731M
- Deposits at failure
- $2,473M
- Assets at failure
- $3,004M
- Acquiring bank
- MERIDIAN FINANCIAL SA, FA (READING, PA)