Failed Bank List

Closed Friday, January 20, 2012 · Boothwyn, Delaware County, Pennsylvania

American Eagle Savings Bank

American Eagle Savings Bank's assets had shrunk 47% from their peak in the second quarter of 2004 by the last report before closing. Equity capital was below zero at its last report. It reported a net loss in six of its final eight reporting years.

On the books, 2004 to 2011

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$10M$20M$30M$40M2005200620072008200920102011Closed
Total assets peaked at $36.4 million. Equity capital had covered 11% of assets in the first quarter of 2004. The deepest annual loss, $963 thousand, was booked in 2008.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$1M−$1M2004: $34 thousand200412%2005: $38 thousand200512%2006: −$116 thousand200611%2007: −$188 thousand20079.8%2008: −$963 thousand20086.3%2009: −$585 thousand20094.7%2010: −$590 thousand20102.4%2011: −$514 thousand2011neg.

Size against the other 2012 failures

Total assets of the 51 banks that failed in 2012, log scale$10M$100M$1B$10B
Total assets of each 2012 failure, log scale; American Eagle Savings Bank in red.

By assets it ranked 51st of the 51 failures in 2012. Within Pennsylvania it ranks 30th by size of the 67 failures recorded since 1934. Across the failures of 2012, the median estimated loss came to 21% of assets. The next-larger failure of that year was Glasgow Savings Bank of Glasgow, Missouri ($22.3 million, loss 6.2% of assets). Every 2012 failure in the explorer.

Two other banks closed that day; the largest was The First State Bank of Stockbridge, Georgia, at $517 million.

Failures in Pennsylvania

It was one of two banks in Pennsylvania to fail in 2012. The previous failure there was Public Savings Bank of Huntingdon Valley, on August 18, 2011. The next was NOVA Bank of Berwyn, on October 26, 2012. Delaware County has 3 failed banks on FDIC record since 1934. The others: Bell Savings Bank PaSa (1991), Springfield Federal Savings and Loan Association (1991).

Bank failures in Pennsylvania per year, 1980 to 2026024681987: 11989: 41990: 41991: 71992: 61996: 12003: 12007: 12009: 12010: 22011: 12012: 22014: 12016: 12024: 12026: 119801990200020102020
Per year since 1980, 2012 in red. Every Pennsylvania failure

The acquiring bank

Capital Bank, N.A. of Rockville, Maryland took over three failed banks between 2000 and 2026. The others:

  • Public Savings BankHuntingdon Valley, PA · August 18, 2011
  • Pisgah Community BankAsheville, NC · May 10, 2013

FDIC certificate 31581 · loss estimate as of July 31, 2026 · How to read this page