GARFIELD FS&LA Failed 1982
What happened
GARFIELD FS&LA of POTTSTOWN, PA was closed on 1982-12-20. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to HORIZON FINANCIAL FA (SOUTHAMPTON, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 739
- FDIC Certificate
- 29736
- FDIC FIN
- 0
- Bank name
- GARFIELD FS&LA
- Location
- POTTSTOWN, PA
- Failure date
- 1982-12-20
- FDIC resolution date
- 1982-12-20
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $38M
- Assets at failure
- $70M
- Acquiring bank
- HORIZON FINANCIAL FA (SOUTHAMPTON, PA)
Other banks HORIZON FINANCIAL FA acquired in FDIC resolutions