Data / Bank failures / 2012 / Nova Bank
Nova Bank, Berwyn, PA: failed October 26, 2012
Nova Bank in Berwyn, Pennsylvania, failed on October 26, 2012. It held $444.7 million in assets and $395.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $85.4 million (19.2% of its assets). By assets it was the 7th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- October 26, 2012
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $444,710,000
- Total deposits
- $395,248,000
- Estimated cost to the FDIC
- $85,428,310 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- DIF
- FDIC certificate
- 27148
Other bank failures in Pennsylvania, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Vantage Point Bank | Horsham | February 28, 2014 | $63.5 million | $62.5 million | $9 million | First Choice Bank |
| American Eagle Savings Bank | Boothwyn | January 20, 2012 | $19.3 million | $17.5 million | $4.7 million | Capital Bank, National Association |
| Public Savings Bank | Huntingdon Valley | August 18, 2011 | $46.8 million | $45.8 million | $15.8 million | Capital Bank, National Association |
| Earthstar Bank | Southampton | December 10, 2010 | $112.6 million | $104.5 million | $22.5 million | Polonia Bank |
| Allegiance Bank of North America | Bala Cynwyd | November 19, 2010 | $106.6 million | $92 million | $12.7 million | Vist Bank |
All bank failures in 2012 · 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.