Tioga-Franklin Savings Bank in Philadelphia closed by regulators
Pennsylvania regulators closed Tioga-Franklin Savings Bank in Philadelphia and appointed the FDIC as receiver. Second Federal Savings and Loan Association of Philadelphia agreed to assume all deposits and purchase substantially all assets of the bank. The post Tioga-Franklin…
Pennsylvania regulators closed Tioga-Franklin Savings Bank in Philadelphia and appointed the FDIC as receiver. Second Federal Savings and Loan Association of Philadelphia agreed to assume all deposits and purchase substantially all assets of the bank. The post Tioga-Franklin…
BELLINGS Intelligence Score: 38
Why it matters
The closure of Tioga-Franklin Savings Bank by regulators and FDIC receivership is a notable regional banking event affecting depositors and local credit markets, but it lacks systemic impact or broader market disruption.
Sources
ABA Banking Journal
Tioga-Franklin Savings Bank in Philadelphia closed by regulators
Pennsylvania regulators closed Tioga-Franklin Savings Bank in Philadelphia and appointed the FDIC as receiver. Second Federal Savings and Loan Association of Philadelphia agreed to assume all deposits and purchase substantially all assets of the bank. The post Tioga-Franklin…
Banking Dive
Philly lender becomes fifth bank to fail in 2026
Tioga-Franklin Savings Bank, which had $68 million in assets, was founded in 1873. Second Federal Savings and Loan Association of Philadelphia is acquiring its deposits, assets and core processing system.