Data / Bank failures / 1983 / Provident S&LA
Provident S&LA, Philadelphia, PA: received FDIC assistance July 5, 1983
Provident S&LA in Philadelphia, Pennsylvania, received open bank assistance from the FDIC on July 5, 1983. It held $51 million in assets and $48 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.5 million (2.9% of its assets). By assets it was the 45th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- July 5, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Atlantic Financial Federal, Bala Cynwyd, PA
- Total assets
- $51,049,473
- Total deposits
- $48,031,779
- Estimated cost to the FDIC
- $1,500,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 29843
Other bank failures in Pennsylvania, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Other failed banks Atlantic Financial Federal took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Traders FS&LA (assistance) | Parkersburg | WV | February 10, 1988 | $68.5 million | $73.1 million | $18.9 million | Atlantic Financial Federal |
All bank failures in 1983 · All bank failures in Pennsylvania · Every failed bank Atlantic Financial Federal took over · 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.