Data / Bank failures / 1992 / Meritor Savings Bank
Meritor Savings Bank, Philadelphia, PA: failed December 11, 1992
Meritor Savings Bank in Philadelphia, Pennsylvania, failed on December 11, 1992. Mellon Bank National Ass of Greensburg, PA, took over its deposits. It held $4.13 billion in assets and $2.91 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $360 (0% of its assets). By assets it was the 4th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- December 11, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Mellon Bank National Ass, Greensburg, PA
- Total assets
- $4,126,701,000
- Total deposits
- $2,909,344,000
- Estimated cost to the FDIC
- $360 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- BIF
- FDIC certificate
- 15750
Other bank failures in Pennsylvania, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 | |
| Homestead Fsa | Middletown | August 30, 1991 | $223.2 million | $181 million | $17.5 million | Farmers Trust Co. |
All bank failures in 1992 · 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.