Failures by State
Bank Failures in Pennsylvania
66 FDIC-insured banks headquartered in Pennsylvania have failed since 1934. The most recent was Republic Bank on April 26, 2024. The worst year was 1942, with 9 failures. Failed banks held $28.34B in assets at closing.
66
Failures
1934 to 2024
$28.34B
Failed assets
At closing
$3.39B
Estimated DIF loss
FDIC estimate
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All Pennsylvania events
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Largest bank failures in Pennsylvania
| Date | Bank | Assets |
|---|---|---|
| Apr 26, 2024 | Republic Bank | $5.87B |
| Jan 11, 1990 | Atlantic Financial Savings | $5.30B |
| Dec 11, 1992 | Meritor Savings Bank | $4.13B |
| Jan 4, 1991 | First FS & La of Pittsburg | $3.09B |
| Mar 9, 1989 | Hill Financial Sa | $3.00B |
| Jun 8, 1989 | Horizon Financial, F.A. | $2.49B |
| Mar 15, 1991 | Bell Federal Savings | $850.6M |
| Jun 4, 1992 | Home Unity Federal | $684.8M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Apr 5, 1990 | Colony Savings Bank, FSB | $427.5M |
Pennsylvania bank failures by year
| Year | Failures | Failed assets |
|---|---|---|
| 2024 | 1 | $5.87B |
| 2016 | 1 | $103.3M |
| 2014 | 1 | $63.5M |
| 2012 | 2 | $464.0M |
| 2011 | 1 | $46.8M |
| 2010 | 2 | $219.2M |
| 2009 | 1 | $12.9M |
| 2007 | 1 | $15.8M |
| 2003 | 1 | $8.5M |
| 1996 | 1 | $40.4M |
| 1992 | 6 | $5.07B |
| 1991 | 7 | $4.60B |
| 1990 | 4 | $5.95B |
| 1989 | 4 | $5.81B |
| 1987 | 1 | $14.7M |
| 1976 | 1 | $13.7M |
| 1970 | 1 | $10.8M |
| 1962 | 1 | — |
| 1953 | 1 | $1.4M |
| 1951 | 1 | $2.9M |
| 1950 | 1 | $638K |
| 1947 | 1 | $1.7M |
| 1944 | 1 | $1.7M |
| 1943 | 1 | $5.2M |
| 1942 | 9 | — |
| 1941 | 3 | $1.3M |
| 1940 | 4 | $2.7M |
| 1939 | 1 | $952K |
| 1938 | 1 | — |
| 1937 | 2 | $397K |
| 1935 | 2 | $5.2M |
| 1934 | 1 | $1.4M |
Every bank failure in Pennsylvania
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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