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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information

Information for Pulaski Savings Bank, Philadelphia, PA

  1. Introduction
  2. Press Release
  3. Acquiring Financial Institution
  4. Priority of Claims
  5. Dividend Information
  6. Receivership Termination

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.

I.  Introduction

On November 14, 2003, Pulaski Savings Bank was closed by the Pennsylvania Department of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. As Receiver, the FDIC is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends to approved creditors in order of priority.

The FDIC, as Receiver, has taken all necessary actions to conclude the affairs of the failed financial institution, made all dividends distributions as required by law and the receivership estate is deemed terminated.


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II.  Press Release

The FDIC has issued a press release about the institution's closure. If you represent a media outlet and would like information about the closure, please contact the FDIC Public Affairs Office at (202) 898-6993.


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III.  Acquiring Financial Institution

All insured deposit accounts were transferred to Earthstar Bank, Southampton, PA, and were available as usual during business hours at the following Earthstar office:

376 Second Street Pike
Southampton, PA 18966
Phone: 215-942-9900
FAX: 215-942-8650
Web address: www.earthstarbank.com


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IV.  Priority of Claims

The dividend process is complete. In accordance with Federal law, allowed claims are paid, after administrative expenses, in the following order of priority:

  1. Depositors
  2. General Unsecured Creditors
  3. Subordinated Debt
  4. Stockholders


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V.  Dividend Information

Dividend History on Pulaski Savings Bank

Dividend Information on Failed Financial Institutions


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VI.  Receivership Termination

The FDIC, as Receiver for Pulaski Savings Bank, Philadelphia, PA has taken all actions necessary to terminate the Receivership Estate.

The Receiver published a legal notice of intent to terminate the receivership in the Philadelphia Inquirer on February 15, 2005.

The Receiver has made all dividend distributions required by law.

Effective August 1, 2005, the Receivership Estate has been terminated, the Receiver was discharged, and the Receivership Estate ceased existence as a legal entity.


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