ALLEGIANCE BANK OF NORTH AMERICA Failed 2010
What happened
ALLEGIANCE BANK OF NORTH AMERICA of BALA CYNWYD, PA was closed on 2010-11-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to VIST BANK (WYOMISSING, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3882
- FDIC Certificate
- 35078
- FDIC FIN
- 10314
- Bank name
- ALLEGIANCE BANK OF NORTH AMERICA
- Location
- BALA CYNWYD, PA
- Failure date
- 2010-11-19
- FDIC resolution date
- 2010-11-19
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $92M
- Assets at failure
- $107M
- Acquiring bank
- VIST BANK (WYOMISSING, PA)