VANGUARD SB Failed 1990
What happened
VANGUARD SB of VANDERGRIEF, PA was closed on 1990-02-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to S&T BANK (INDIANA, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2673
- FDIC Certificate
- 29451
- FDIC FIN
- 7345
- Bank name
- VANGUARD SB
- Location
- VANDERGRIEF, PA
- Failure date
- 1990-02-23
- FDIC resolution date
- 1991-07-05
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $151M
- Assets at failure
- $177M
- Acquiring bank
- S&T BANK (INDIANA, PA)