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PNC Penmc

0.09
0.00 (0.00%)
26 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Penmc LSE:PNC London Ordinary Share GB0009205062 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.09 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

OTS Closes Pittsburgh's Dwelling House;73rd Bank To Shut Down

14/08/2009 10:45pm

Dow Jones News


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PNC Bank acquired the deposits and some assets of Dwelling House Savings and Loan Association on Friday, after the latter became the 73rd U.S. bank to fail this year.

The Federal Deposit Insurance Corp. said that Pittsburgh, Pa.-based Dwelling House was closed by the Office of Thrift Supervision. The FDIC then entered into a purchase and assumption agreement with PNC to acquire approximately $13.8 million in deposits from Dwelling House, as well as $3 million in the failed bank's assets.

The FDIC estimates that the failure, the 98th since the beginning of 2008, will cost the federal deposit insurance fund $6.8 million.

-By Michael R. Crittenden, Dow Jones Newswires; 202-862-9273; michael.crittenden@dowjones.com

 
 

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