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Philadelphia Metropolitan Area Real Estate Law Blog

Tag: Bank Failure

Boothwyn-based American Eagle fails, Capital Bank takes over

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Real Estate Law on Jan 25, 2012.

The Philadelphia Business Journal reports that the American Eagle Savings Bank was closed last Friday by the Office of the Comptroller of the Currency (OCC). The Boothwyn-based bank had had $19.6 million in total assets and $17.7 million in deposits at the end of the third quarter of 2011.

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