The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of NOVA Bank, Berwyn, Pennsylvania. The bank was closed October 26, 2012 by the Pennsylvania Department of Banking and Securities, which appointed the FDIC as receiver.
The FDIC was unable to find another financial institution to take over the banking operations of NOVA Bank. The FDIC will mail checks directly to depositors of NOVA Bank for the amount of their insured money. As a convenience to depositors, the FDIC has made arrangements with National Penn Bank to accept the failed bank's direct deposits from the federal government, such as Social Security and Veterans' payments through January 25, 2013. The seven National Penn Bank locations designated to service NOVA Bank's customers receiving federal government direct deposit payments are as follows: One Penn Center; East Falls; Norristown; Wynnewood; Paoli; Wayne, and Lionville.
This bank is absolutely ruthless. They are willing to break the law and cheat 100 hard working people out of a paycheck. They had an opportunity to do the right thing and pay the employees what they deserved - their last paycheck after the company was shut down. Did they do that? NO, they told the former employees that they would not get their paycheck until the loan was paid.
We do not have health information for NOVA Bank, because it is no longer an operational bank.
Sorry, we do not have rate data for NOVA Bank.
Sorry, but we do not have location data for NOVA Bank. Its headquarters is located at 1235 Westlakes Drive, Suite 420 - Berwyn, PA 19312