MERITOR SAVINGS BANK Failed 1992
What happened
MERITOR SAVINGS BANK of PHILADELPHIA, PA was closed on 1992-12-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MELLON BANK NATIONAL ASS (GREENSBURG, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3427
- FDIC Certificate
- 15750
- FDIC FIN
- 4556
- Bank name
- MERITOR SAVINGS BANK
- Location
- PHILADELPHIA, PA
- Failure date
- 1992-12-11
- FDIC resolution date
- 1992-12-11
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $2,909M
- Assets at failure
- $4,127M
- Acquiring bank
- MELLON BANK NATIONAL ASS (GREENSBURG, PA)