FIRST FS&LA OF PITTSTON Failed 1982

What happened

FIRST FS&LA OF PITTSTON of PITTSTON, PA was closed on 1982-07-16. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to FRANKLIN FIRST FS&LA (WILKES-BARRE, PA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

677

FDIC Certificate

29452

FDIC FIN

0

Bank name

FIRST FS&LA OF PITTSTON

Location

PITTSTON, PA

Failure date

1982-07-16

FDIC resolution date

1982-07-16

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$7M

Deposits at failure

$43M

Assets at failure

$46M

Acquiring bank

FRANKLIN FIRST FS&LA (WILKES-BARRE, PA)