FIRST FS & LA OF PITTSBURG Failed 1991
What happened
FIRST FS & LA OF PITTSBURG of PITTSBURGH, PA was closed on 1991-01-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PNC INTERIM FSB (PITTSBURGH, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2983
- FDIC Certificate
- 29161
- FDIC FIN
- 7267
- Bank name
- FIRST FS & LA OF PITTSBURG
- Location
- PITTSBURGH, PA
- Failure date
- 1991-01-04
- FDIC resolution date
- 1991-01-04
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $96M
- Deposits at failure
- $2,343M
- Assets at failure
- $3,090M
- Acquiring bank
- PNC INTERIM FSB (PITTSBURGH, PA)