On Friday, August 21, 2026, Tioga-Franklin Savings Bank was closed by the Pennsylvania Department of Banking and Securities. The Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. Second Federal Savings and Loan Association of Philadelphia, Philadelphia, PA assumed all of the deposit accounts and substantially all of the assets.
August 21, 2026 Official Press Release
If You Had a Deposit Account
The full balance of all deposit accounts has been transferred to Second Federal Savings and Loan Association of Philadelphia.
You may continue to use your checks and ATM/Debit card. Direct deposits like paychecks and social security benefits will continue as usual. Please refer to the Banking Services section below for more details.
EDIE — Electronic Deposit Insurance Estimator
Calculate insurance coverage of deposit accounts
Facts for Depositors
General information explaining the role of FDIC
If You Had a Loan
You should continue to make payments, including escrow payments, as usual; the terms of your loan will not change.
If your loan is currently in process or you had a line of credit, contact your loan officer.
If you are making escrow payments and receive notification that any portion of your taxes or insurance was not paid, contact your loan officer.
If you received notice that the FDIC retained your loan, and you have questions, please visit the FDIC Information and Support Center.
Obtaining a Lien Release
Process on getting a release of lien
Borrower’s Guide to an FDIC Insured Bank Failure
Overview of how FDIC processes loans
Facts for Borrowers
General information explaining the role of FDIC
If You Are Owed Money for a Service or Product Provided
You may be eligible to file a claim against Tioga-Franklin Savings Bank.
If you have not been paid for services rendered on or before August 21, 2026, please refer to the Filing Claims section below.
Beware of Scams
If you are concerned about becoming a victim of fraud, be advised that you will not receive any communication from the FDIC requesting any private information. Be watchful for and resistant to any scams to obtain information from you by individuals or entities stating they are acting on behalf of Tioga-Franklin Savings Bank, Second Federal Savings and Loan Association of Philadelphia, or the FDIC. The FDIC, however, will encourage you to correspond with us via the Failed Bank Customer Service Center (FBCSC), a secure web portal.
Acquiring Institution: Second Federal Savings and Loan Association of Philadelphia
About Second Federal Savings and Loan Association of Philadelphia
All deposit accounts have been transferred to Second Federal Savings and Loan Association of Philadelphia, Philadelphia, PA (“assuming institution”) and will be available immediately. The former Tioga-Franklin Savings Bank locations will reopen as branches of Second Federal Savings and Loan Association of Philadelphia during regular business hours.
All transferred deposits will be separately insured from any accounts you may already have at Second Federal Savings and Loan Association of Philadelphia for at least six months after the failure of Tioga-Franklin Savings Bank. Checks that were drawn on Tioga-Franklin Savings Bank that did not clear before the institution closed will be honored as long as there are sufficient funds in the account.
Second Federal Savings and Loan Association of Philadelphia will review deposit rates. You will be notified of any changes. You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Second Federal Savings and Loan Association of Philadelphia as long as the deposits are not pledged as collateral for loans.
Contacting Second Federal Savings and Loan Association of Philadelphia
Second Federal Savings and Loan Association of Philadelphia
1727 Chestnut St
Philadelphia, PA 19103
Second Federal Savings and Loan Association of Philadelphia (www.secondfed.com)
Transaction Documentation
Bid Summary
Report on the bids to purchase the failed bank
Brokered Accounts
All deposit accounts have been transferred to Second Federal Savings and Loan Association of Philadelphia. If you are a customer who has a Tioga-Franklin Savings Bank deposit through a broker, you must contact your broker with any questions.
Deposit Broker’s Processing Guide
Banking Services
Automatic Payments/Bill Pay/Online Banking
These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by Second Federal Savings and Loan Association of Philadelphia.
ATM and Debit Cards
Your ATM/Debit card will continue to work as usual.
Checks
Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s). Second Federal Savings and Loan Association of Philadelphia will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office.
Direct Deposit
All direct deposits, for example, social security, payroll, veterans’ benefits, disability, unemployment or any payment you receive electronically will continue as usual.
Overdraft Lines of Credit
These lines have been transferred to Second Federal Savings and Loan Association of Philadelphia. Please contact Second Federal Savings and Loan Association of Philadelphia if you have additional questions regarding your accounts.
Safe Deposit Boxes
You will have access to your safe deposit boxes during normal business hours. Any changes will be communicated by Second Federal Savings and Loan Association of Philadelphia.
Tax Reporting — 1098 and/or 1099
Second Federal Savings and Loan Association of Philadelphia will be responsible for mailing your 1099 tax information. Your 1098 reporting will be done by the FDIC or the servicer of your loan. You will be notified of any changes in ownership or servicing of your loan.
Filing Claims
Creditors
If you or your company provided a service or product, leased space, furniture, or equipment to Tioga-Franklin Savings Bank on or before August 21, 2026, and have not been paid, you may have a claim against Tioga-Franklin Savings Bank.
All creditors having claims against Tioga-Franklin Savings Bank must submit their Proof of Claim form, along with the supporting documentation, to the Receiver through one of the following methods: online, by email, or by mail. You can complete the Proof of Claim form and provide supporting documentation electronically through the Failed Bank Customer Service Center (FBCSC). To file a claim via email or mail, please go to Deposit Claims & Asset Sales to obtain a Proof of Claim form. Please complete the Proof of Claim form along with supporting documentation and submit via email, or by mail.
Online (Electronic Filing):
Email:
Mail:
FDIC as Receiver for Tioga-Franklin Savings Bank
Attention: Non-Deposit Claims
600 North Pearl Street
Suite 700
Dallas, TX 75201
NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of a proposed class of individuals or entities or a class of individuals or entities certified by a court. EACH individual or entity must file a separate claim with the Receiver.
Priority of Claims
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
- Depositors
- General Unsecured Creditors
- Subordinated Debt
- Stockholders
Contact Information
Questions About This Closing
Contact Resolution Inquiries and Records Research at the number provided below with any additional questions:
1-888-206-4662
Hours of Operation — Central Time
Monday – Friday (excluding federal holidays): 8:00 AM – 4:00 PM
