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Pennsylvania Department of Banking and Securities · PA

Pennsylvania Department of Banking and Securities Takes Possession of Tioga-Franklin Savings Bank

August 21, 2026

Summary

The Pennsylvania Department of Banking and Securities took possession of Tioga-Franklin Savings Bank (Philadelphia) citing unsafe and unsound condition and appointed the FDIC as receiver. The FDIC entered into a purchase and assumption agreement with Second Federal Savings & Loan Association of Philadelphia to acquire the bank's deposits and substantially all assets. Customers are directed to contact the FDIC at 1-866-314-1744 for questions.

AI-generated summary · Aug 29, 2026. Verify with your compliance counsel before acting.

How this was generated

We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.

<b>Harrisburg, PA –</b> Today, the Pennsylvania Department of Banking and Securities (DoBS) took possession of Tioga-Franklin Savings Bank, headquartered in Philadelphia, pursuant to the <a href=\"https://www.legis.state.pa.us/CFDOCS/LEGIS/LI/uconsCheck.cfm?txtType=HTM&amp;yr=1933&amp;sessInd=0&amp;smthLwInd=0&amp;act=0111\">Department of Banking and Securities Code</a> citing unsafe and unsound condition, in order to protect depositors. DoBS appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of the bank.&nbsp;</p>\r\n<p>The FDIC entered into a purchase and assumption agreement with Second Federal Savings &amp; Loan Association of Philadelphia to acquire deposits and substantially all of the assets of Tioga-Franklin Savings Bank.&nbsp;</p>\r\n<p>Customers with questions may call the FDIC toll-free at 1-866-314-1744. Interested parties may also <a href=\"https://www.fdic.gov/bank-failures/failed-bank-list/tioga-franklin-savings-bank\">visit the FDIC’s website</a>.<u></u></p>\r\n"}}">

Harrisburg, PA – Today, the Pennsylvania Department of Banking and Securities (DoBS) took possession of Tioga-Franklin Savings Bank, headquartered in Philadelphia, pursuant to the Department of Banking and Securities Code citing unsafe and unsound condition, in order to protect depositors. DoBS appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of the bank.

The FDIC entered into a purchase and assumption agreement with Second Federal Savings & Loan Association of Philadelphia to acquire deposits and substantially all of the assets of Tioga-Franklin Savings Bank.

Customers with questions may call the FDIC toll-free at 1-866-314-1744. Interested parties may also visit the FDIC’s website.

Source: https://www.pa.gov/agencies/dobs/newsroom/pa-dobs-takes-possession-of-tioga-franklin-savings-bank

Common questions

What does "Pennsylvania Department of Banking and Securities Takes Possession of Tioga-Franklin Savings Bank" cover?
The Pennsylvania Department of Banking and Securities took possession of Tioga-Franklin Savings Bank (Philadelphia) citing unsafe and unsound condition…
Which agency issued this update?
This update was issued by Pennsylvania Department of Banking and Securities.
When was it published?
It was published on August 21, 2026.

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