Data / Bank failures / 1990 / Atlantic Financial Savings
Atlantic Financial Savings, Bala Cynwyd, PA: failed January 11, 1990
Atlantic Financial Savings in Bala Cynwyd, Pennsylvania, failed on January 11, 1990. It held $5.30 billion in assets and $3.71 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $947 million (17.9% of its assets). By assets it was the 7th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- January 11, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $5,299,370,000
- Total deposits
- $3,710,735,000
- Estimated cost to the FDIC
- $946,981,383 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28884
Other bank failures in Pennsylvania, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Meritor Savings Bank | Philadelphia | December 11, 1992 | $4.13 billion | $2.91 billion | $360 | Mellon Bank National Ass |
| First Home Fsa | Pittsburgh | June 19, 1992 | $131.7 million | $129.3 million | $463,313 | First Home FSB, FSB |
| Home Unity Federal | Lafayette Hill | June 4, 1992 | $684.8 million | $632.3 million | $18.5 million | |
| Ukranian FS & La | Philadelphia | March 12, 1992 | $74.9 million | $72.6 million | $8.9 million | |
| Alpha Indian Rock FS & La | Philadelphia | February 28, 1992 | $7.2 million | $7.7 million | $2.8 million | Roxborough-Manayunk |
| The Bank of Brandywine Valley | West Chester | February 21, 1992 | $44.9 million | $47.3 million | $12.1 million | Wilmington Trust Co |
| Chase Savings & Loan | Philadelphia | November 22, 1991 | $46.9 million | $46 million | $10.4 million | United Bank of Philadelphia |
| Abraham Lincoln Fsa | Dresher | September 19, 1991 | $189.1 million | $167 million | $10.1 million |
All bank failures in 1990 · All bank failures in Pennsylvania · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.