Data / Bank failures / 1990 / Vanguard SB
Vanguard SB, Vandergrief, PA: failed February 23, 1990
Vanguard SB in Vandergrief, Pennsylvania, failed on February 23, 1990. S&T Bank of Indiana, PA, took over its deposits. It held $176.9 million in assets and $150.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25.8 million (14.6% of its assets). By assets it was the 102nd largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- February 23, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- S&T Bank, Indiana, PA
- Total assets
- $176,858,000
- Total deposits
- $150,691,000
- Estimated cost to the FDIC
- $25,809,491 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 29451
Other bank failures in Pennsylvania, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Meritor Savings Bank | Philadelphia | December 11, 1992 | $4.13 billion | $2.91 billion | $360 | Mellon Bank National Ass |
| 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 |
All bank failures in 1990 · 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.