HOMESTEAD FSA Failed 1991
What happened
HOMESTEAD FSA of MIDDLETOWN, PA was closed on 1991-08-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARMERS TRUST CO. (CARLISLE, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3177
- FDIC Certificate
- 31588
- FDIC FIN
- 1261
- Bank name
- HOMESTEAD FSA
- Location
- MIDDLETOWN, PA
- Failure date
- 1991-08-30
- FDIC resolution date
- 1994-04-08
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $181M
- Assets at failure
- $223M
- Acquiring bank
- FARMERS TRUST CO. (CARLISLE, PA)