PUBLIC SAVINGS BANK Failed 2011
What happened
PUBLIC SAVINGS BANK of HUNTINGDON VALLEY, PA was closed on 2011-08-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CAPITAL BANK, NATIONAL ASSOCIATION (ROCKVILLE, MD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3955
- FDIC Certificate
- 34130
- FDIC FIN
- 10389
- Bank name
- PUBLIC SAVINGS BANK
- Location
- HUNTINGDON VALLEY, PA
- Failure date
- 2011-08-18
- FDIC resolution date
- 2011-08-18
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $46M
- Assets at failure
- $47M
- Acquiring bank
- CAPITAL BANK, NATIONAL ASSOCIATION (ROCKVILLE, MD)
Other banks CAPITAL BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions