# PROVIDENT S&LA

> **Failed bank** · PHILADELPHIA, PA · failed 1983-07-05 · SL · FDIC cost $2M

## What happened

PROVIDENT S&LA of PHILADELPHIA, PA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $48M
- **Assets at failure:** $51M
- **Acquiring bank:** ATLANTIC FINANCIAL FEDERAL (BALA CYNWYD, PA)

## Other banks ATLANTIC FINANCIAL FEDERAL has acquired in FDIC resolutions

- TRADERS FS&LA (PARKERSBURG, WV) — failed 1988-02-10 — /failed-bank/1620

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PROVIDENT S&LA (FDIC ID 796), failed 1983-07-05. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/796.

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