# GARFIELD FS&LA

> **Failed bank** · POTTSTOWN, PA · failed 1982-12-20 · SL · FDIC cost $4M

## What happened

GARFIELD FS&LA of POTTSTOWN, PA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $38M
- **Assets at failure:** $70M
- **Acquiring bank:** HORIZON FINANCIAL FA (SOUTHAMPTON, PA)

## Other banks HORIZON FINANCIAL FA has acquired in FDIC resolutions

- GUARANTY S&LA (PITTSBURGH, PA) — failed 1983-04-28 — /failed-bank/774
- MID-CITY FS&LA (NORTH WALES, PA) — failed 1982-12-20 — /failed-bank/738

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GARFIELD%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GARFIELD FS&LA (FDIC ID 739), failed 1982-12-20. Retrieved via AI Analytics 2026-08-25 from https://api.ai-analytics.org/failed-bank/739.

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