# MERITOR SAVINGS BANK

> **Failed bank** · PHILADELPHIA, PA · failed 1992-12-11 · SI

## What happened

MERITOR SAVINGS BANK of PHILADELPHIA, PA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $2,909M
- **Assets at failure:** $4,127M
- **Acquiring bank:** MELLON BANK NATIONAL ASS (GREENSBURG, PA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MERITOR%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERITOR SAVINGS BANK (FDIC ID 3427), failed 1992-12-11. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/3427.

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