Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
On Friday, August 14, 2009, Dwelling
House Savings and Loan Association, Pittsburgh, PA was
closed by the Office of Thrift Supervision, and
the Federal Deposit Insurance Corporation (FDIC)
was named Receiver. No advance notice is given to the
public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship with
this institution. Besides a checking
account, you may have Certificates of Deposit, a car loan, a business checking
account, a commercial loan, a Social Security direct deposit, and other relationships
with the institution. The FDIC has compiled the following information,
which should answer many of your questions.
The FDIC has issued a press release
(PR-142-2009) about
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact
David Barr at 202-898-6992.
All deposit accounts have been transferred to
PNC Bank, N.A., Pittsburgh, PA ("assuming
institution")
and will be available immediately. On Monday,
August 17, 2009,
the former Dwelling House Savings and Loan Association location will reopen
as a branch of PNC Bank, N.A..
Your transferred deposits will be separately insured from any accounts
you may already have at PNC Bank, N.A. for six
months after the failure of Dwelling House Savings and Loan Association.
Checks that were drawn on Dwelling House Savings and Loan Association that
did not clear before the institution closed will be honored as long as there
are
sufficient funds in the account.
For more information on deposit insurance, you may speak to an FDIC representative
regarding deposit insurance by calling 1-800-760-3639 or visit EDIE, the
FDIC's Electronic Deposit Insurance Estimator.
You may withdraw your funds from any transferred
account without an early withdrawal penalty until you enter into a new deposit
agreement with PNC Bank, N.A. as long as
the deposits are not pledged as collateral for loans. You may view more
information about PNC Bank, N.A. by visiting their web site.
The Automated Teller Machines (ATM) and online service will remain available.
As of Monday, August 17, 2009,
you may continue to use the services to which you previously had access,
such
as
safe deposit boxes, night deposit boxes, wire services,
etc.
Your checks will be processed as usual. All outstanding checks
will be paid against your available balance(s) as if no change
had occurred. Your new bank will
contact you soon regarding any changes in the terms of your account. If
you have a problem with a merchant refusing to accept your check, please
contact your branch
office. An account representative will
clear up any confusion about the validity of your checks.
All interest accrued through Friday, August 14, 2009, will
be paid at your same rate. PNC Bank, N.A. will
be reviewing rates. You
will be notified of any changes.
Your automatic direct deposit(s) and/or automatic withdrawal(s) will be
transferred automatically to your new bank. If
you have any questions or special requests, you may contact a representative
of your assuming institution at your
branch office.
If you had a loan with Dwelling House Savings and Loan Association, you should
continue
to
make your payments as usual. The terms of your loan will not change, because
they are contractually agreed to in your promissory note. Checks should be made
payable as usual and sent to the same address until further notice. If you have
further questions regarding an existing loan, please contact your loan officer.
For all questions regarding new loans and the lending policies of PNC Bank, N.A., please contact your branch office.
If you or your company provided a service or product, leased space, furniture, or equipment to
Dwelling House Savings and Loan Association after Friday August 14, 2009 and have not been paid you do not have a claim against
Dwelling House Savings and Loan Association. Please follow your normal billing procedures by providing an invoice as instructed.
Claims against failed financial institutions occur when bills sent to the
institution remain unpaid at the time of failure. If you or your company
provided a service or product, leased space, furniture, or equipment to
Dwelling House Savings and Loan Association
prior to Friday August 14, 2009 and have not been paid you may be
entitled to a claim against the bank. If you provided a product to or a service for
Dwelling House Savings and Loan Association
prior to the bank's failure for which you have not been
paid and you have not received communication,
contact:
Federal Deposit Insurance Corporation Receiver:
Dwelling House Savings and Loan Association
1601 Bryan Street
Dallas, TX 75201
Attention: Claim Agent
Please note: There are time limits for filing a claim,
your claim must be filed on or before 11/17/2009.
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site
outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance
coverage on custodial accounts deposited in a failed FDIC Insured Institution.
