Failed Bank Information for Public Savings Bank, Huntingdon Valley, PA
On Thursday, August 18, 2011, Public Savings Bank was closed by the Pennsylvania Department of Banking. The FDIC was named Receiver. Capital Bank, National Association (N.A.), Rockville, MD acquired all deposit accounts.
The FDIC as Receiver for Public Savings Bank, Huntingdon Valley, PA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 8, 2017 and has made all dividend distributions required by law.
Effective December 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: December 1, 2017
Publication Date: August 8, 2017
Report on dividends paid
Official press release
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: CAPITAL BANK, NA
About Capital Bank, N.A.
All deposit accounts, excluding certain brokered deposits, were transferred to Capital Bank, National Association (N.A.), Rockville, MD ("assuming institution"). Former Public Savings Bank locations reopened as branches of Capital Bank, N.A..
Your transferred deposits were separately insured from any accounts you may have already had at Capital Bank, N.A. for at least six months after the failure of Public Savings Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Capital Bank, N.A. as long as the deposits are not pledged as collateral for loans.
Contacting Capital Bank, N.A.
You can contact Capital Bank, N.A.:
Capital Bank, N.A.
One Church Street
Capital Bank, N.A. (www.capitalbankmd.com)
Purchase & Assumption Agreement - PDF (4Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank