Data / Bank failures / 1982 / First FS&LA of Pittston
First FS&LA of Pittston, Pittston, PA: received FDIC assistance July 16, 1982
First FS&LA of Pittston in Pittston, Pennsylvania, received open bank assistance from the FDIC on July 16, 1982. It held $45.8 million in assets and $43.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.1 million (15.5% of its assets). By assets it was the 68th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- July 16, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Franklin First FS&LA, Wilkes-Barre, PA
- Total assets
- $45,770,938
- Total deposits
- $43,346,118
- Estimated cost to the FDIC
- $7,091,581 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 29452
Other bank failures in Pennsylvania, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Provident S&LA (assistance) | Philadelphia | July 5, 1983 | $51 million | $48 million | $1.5 million | Atlantic Financial Federal |
| Guaranty S&LA (assistance) | Pittsburgh | April 28, 1983 | $182.9 million | $135.2 million | $11.3 million | Horizon Financial FA |
| Garfield FS&LA (assistance) | Pottstown | December 20, 1982 | $70.4 million | $37.6 million | $4.3 million | Horizon Financial FA |
| Mid-City FS&LA (assistance) | North Wales | December 20, 1982 | $47.8 million | $40.9 million | $1.2 million | Horizon Financial FA |
| The Western Saving Fund Society of Philade (assistance) | Philadelphia | April 2, 1982 | $2.13 billion | $1.97 billion | $29.3 million | Philadelphia SVG Fund Socie |
| First Pennsylvania BK, N.A. (assistance) | Philadelphia | April 28, 1980 | $7.95 billion | $5.00 billion | First Pennsylvania BK, N.A. |
All bank failures in 1982 · 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.