ALPHA INDIAN ROCK FS & LA Failed 1992
What happened
ALPHA INDIAN ROCK FS & LA of PHILADELPHIA, PA was closed on 1992-02-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ROXBOROUGH-MANAYUNK (PHILADELPHIA, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3282
- FDIC Certificate
- 31238
- FDIC FIN
- 1221
- Bank name
- ALPHA INDIAN ROCK FS & LA
- Location
- PHILADELPHIA, PA
- Failure date
- 1992-02-28
- FDIC resolution date
- 1993-07-09
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $8M
- Assets at failure
- $7M
- Acquiring bank
- ROXBOROUGH-MANAYUNK (PHILADELPHIA, PA)