Bank Failure
Dwelling House Savings and Loan
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Closed August 14, 2009 · Pittsburgh, PA · FDIC Cert #31559.
- Closing date
- August 14, 2009
- Headquarters
- Pittsburgh, PA
- FDIC Certificate
- 31559
- Total assets at closing
- $12.9M
- Total deposits at closing
- $13.0M
- Estimated loss to the insurance fund
- $8.4M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- PNC Bank, N.A.
Context
On August 14, 2009, regulators closed Dwelling House Savings and Loan, headquartered in Pittsburgh, PA. At closing, the institution held approximately $12.9M in assets and $13.0M in deposits. The FDIC record names PNC Bank, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $8.4M.
By assets at closing this is the 2639th largest of the 3,526 bank failures in the FDIC record, and the 140th of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Dwelling House Savings and Loan fail?
Dwelling House Savings and Loan was closed by regulators on August 14, 2009.
Who acquired Dwelling House Savings and Loan?
The FDIC record names PNC Bank, N.A. as the acquiring institution in the resolution of Dwelling House Savings and Loan.
How big was Dwelling House Savings and Loan when it failed?
Dwelling House Savings and Loan had approximately $12.9M in total assets and $13.0M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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