CHASE SAVINGS & LOAN Failed 1991
What happened
CHASE SAVINGS & LOAN of PHILADELPHIA, PA was closed on 1991-11-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED BANK OF PHILADELPHIA (PHILADELPHIA, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3240
- FDIC Certificate
- 30324
- FDIC FIN
- 1224
- Bank name
- CHASE SAVINGS & LOAN
- Location
- PHILADELPHIA, PA
- Failure date
- 1991-11-22
- FDIC resolution date
- 1993-07-30
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $46M
- Assets at failure
- $47M
- Acquiring bank
- UNITED BANK OF PHILADELPHIA (PHILADELPHIA, PA)