# ALPHA INDIAN ROCK FS & LA

> **Failed bank** · PHILADELPHIA, PA · failed 1992-02-28 · SL · FDIC cost $3M

## What happened

ALPHA INDIAN ROCK FS & LA of PHILADELPHIA, PA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $8M
- **Assets at failure:** $7M
- **Acquiring bank:** ROXBOROUGH-MANAYUNK (PHILADELPHIA, PA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ALPHA%20INDIAN%20ROCK%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ALPHA INDIAN ROCK FS & LA (FDIC ID 3282), failed 1992-02-28. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3282.

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