Data / Bank failures / 1982 / The Western Saving Fund Society of Philade
The Western Saving Fund Society of Philade, Philadelphia, PA: received FDIC assistance April 2, 1982
The Western Saving Fund Society of Philade in Philadelphia, Pennsylvania, received open bank assistance from the FDIC on April 2, 1982. It held $2.13 billion in assets and $1.97 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $29.3 million (1.4% of its assets). By assets it was the 5th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- April 2, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Philadelphia SVG Fund Socie, Philadelphia, PA
- Total assets
- $2,126,384,000
- Total deposits
- $1,966,280,000
- Estimated cost to the FDIC
- $29,256,040 (estimate as of July 31, 2026)
- Insurance fund
- FDIC
- FDIC certificate
- 15698
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 |
| First FS&LA of Pittston (assistance) | Pittston | July 16, 1982 | $45.8 million | $43.3 million | $7.1 million | Franklin First FS&LA |
| 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.