# HILL FINANCIAL SA

> **Failed bank** · RED HILL, PA · failed 1989-03-09 · SL · FDIC cost $731M

## What happened

HILL FINANCIAL SA of RED HILL, 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 **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
- **Estimated FDIC DIF cost:** $731M
- **Deposits at failure:** $2,473M
- **Assets at failure:** $3,004M
- **Acquiring bank:** MERIDIAN FINANCIAL SA, FA (READING, PA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HILL%20FINANCIAL%20SA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HILL FINANCIAL SA (FDIC ID 2188), failed 1989-03-09. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2188.

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