THE BANK OF BRANDYWINE VALLEY Failed 1992

What happened

THE BANK OF BRANDYWINE VALLEY of WEST CHESTER, PA was closed on 1992-02-21. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to WILMINGTON TRUST CO (WILMINGTON, DE). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3276

FDIC Certificate

27309

FDIC FIN

4453

Bank name

THE BANK OF BRANDYWINE VALLEY

Location

WEST CHESTER, PA

Failure date

1992-02-21

FDIC resolution date

1992-02-21

Charter type

State commercial bank, Federal Reserve member

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$12M

Deposits at failure

$47M

Assets at failure

$45M

Acquiring bank

WILMINGTON TRUST CO (WILMINGTON, DE)