Data / Bank failures / 1980 / First Pennsylvania BK, N.A.
First Pennsylvania BK, N.A., Philadelphia, PA: received FDIC assistance April 28, 1980
First Pennsylvania BK, N.A. in Philadelphia, Pennsylvania, received open bank assistance from the FDIC on April 28, 1980. It held $7.95 billion in assets and $5.00 billion in deposits at its last report. By assets it was the largest of 22 banks closed or assisted in 1980.
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The FDIC's record
- Closed
- April 28, 1980
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First Pennsylvania BK, N.A., Philadelphia, PA
- Total assets
- $7,953,042,000
- Total deposits
- $5,001,755,000
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 719
Other bank failures in Pennsylvania, 1978 to 1982
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| First FS&LA of Pittston (assistance) | Pittston | July 16, 1982 | $45.8 million | $43.3 million | $7.1 million | Franklin First FS&LA |
| 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 |
All bank failures in 1980 · 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.