Bank Failure
MERITOR SAVINGS BANK
Closed December 11, 1992 · PHILADELPHIA, PA · FDIC Cert #15750.
- Closing date
- December 11, 1992
- Headquarters
- PHILADELPHIA, PA
- FDIC Certificate
- 15750
- Total assets at closing
- $4,126,701,000
- Total deposits at closing
- $2,909,344,000
- Resolution type
- other
- Acquirer
- MELLON BANK NATIONAL ASS (FDIC Cert #4556)
Context
On December 11, 1992, regulators closed MERITOR SAVINGS BANK, headquartered in PHILADELPHIA, PA. At closing, the institution held approximately $4,126,701,000 in assets and $2,909,344,000 in deposits. The FDIC arranged a resolution under which MELLON BANK NATIONAL ASS acquired the failed bank's operations.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1992
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1992-12-18 | THE RUSHVILLE NATIONAL BANK | RUSHVILLE, IN | $41,631,000 |
| 1992-12-18 | THE BREMEN STATE BANK | BREMEN, KS | $2,679,000 |
| 1992-12-11 | EASTLAND SAVINGS BANK | WOONSOCKET, RI | $515,301,000 |
| 1992-12-11 | EASTLAND BANK | WOONSOCKET, RI | $85,405,000 |
| 1992-12-11 | SAILORS & MERCHANTS B&T CO. | VIENNA, VA | $34,775,000 |
| 1992-12-10 | CITIZENS STATE BANK | PRINCETON, TX | $12,943,000 |
| 1992-12-08 | PALM BEACH FSA | PALM BEACH GARDEN, FL | $59,403,000 |
| 1992-12-04 | CARTERET FSB | MADISON, NJ | $4,827,462,000 |
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