PROVIDENT S&LA Failed 1983
What happened
PROVIDENT S&LA of PHILADELPHIA, PA was closed on 1983-07-05. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to ATLANTIC FINANCIAL FEDERAL (BALA CYNWYD, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 796
- FDIC Certificate
- 29843
- FDIC FIN
- 0
- Bank name
- PROVIDENT S&LA
- Location
- PHILADELPHIA, PA
- Failure date
- 1983-07-05
- FDIC resolution date
- 1983-07-05
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $48M
- Assets at failure
- $51M
- Acquiring bank
- ATLANTIC FINANCIAL FEDERAL (BALA CYNWYD, PA)
Other banks ATLANTIC FINANCIAL FEDERAL acquired in FDIC resolutions