SPRINGFIELD FSLA Failed 1991
What happened
SPRINGFIELD FSLA of SPRINGFIELD, PA was closed on 1991-06-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GERMANTOWN SB (BALA CYNWYD, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3129
- FDIC Certificate
- 30538
- FDIC FIN
- 2194
- Bank name
- SPRINGFIELD FSLA
- Location
- SPRINGFIELD, PA
- Failure date
- 1991-06-14
- FDIC resolution date
- 1992-03-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $-1M
- Deposits at failure
- $95M
- Assets at failure
- $98M
- Acquiring bank
- GERMANTOWN SB (BALA CYNWYD, PA)