BELL FEDERAL SAVINGS Failed 1991
What happened
BELL FEDERAL SAVINGS of UPPER DARBY, PA was closed on 1991-03-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MERIDIAN BANK (READING, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3041
- FDIC Certificate
- 28791
- FDIC FIN
- 2186
- Bank name
- BELL FEDERAL SAVINGS
- Location
- UPPER DARBY, PA
- Failure date
- 1991-03-15
- FDIC resolution date
- 1992-03-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $197M
- Deposits at failure
- $734M
- Assets at failure
- $851M
- Acquiring bank
- MERIDIAN BANK (READING, PA)