NOVA Bank
Berwyn, PA · Owner: Nova Financial Holdings Inc
$445M
total assets, September 30, 2012
$445M
total assets, September 30, 2012
NOVA Bank was a state savings bank in Berwyn, PA, owned by Nova Financial Holdings Inc. It failed on Oct 26, 2012, and its insured deposits were paid out. At its last report it held $444.7 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2012
This bank failed
- Failed on
- Oct 26, 2012
- Assets
- $445M
- Deposits
- $395M
- Estimated cost
- $85.4M
- Deposits went to
- payout
Total assets
$445M
-18.2% in a year · -7.9% in a quarter
Deposits
$395M
-16.4% in a year · -8.5% in a quarter
Loans
$272M
-19.7% in a year · -7.0% in a quarter
Profit so far
-$7.3M
Jan 1 to Sep 30, 2012
Capital ratio
1.11%
-1.16 pts in a year
Return on assets
-2.00%
-1.70 pts in a year
Facts
- Type
- State savings bank
- Head office
- 1235 Westlakes Drive, Suite 420, Berwyn, PA, 19312
- County
- Chester
- Holding company
- Nova Financial Holdings Inc
- Established
- May 31, 1887
- Failed
- Oct 26, 2012
- Employees
- 93
- Branches
- 13 in 2 states
- Id
- b27148
Quarter by quarter
March 31, 1988 to September 30, 2012
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is NOVA Bank?
$444.7 million in total assets and $395.2 million in deposits as of September 30, 2012, with assets down 18.2% from a year before. Its loans were $271.6 million.
How many branches does NOVA Bank have?
13 branches in 2 states as of June 30, 2026.
Is NOVA Bank profitable?
No: it lost $7.30 million from January 1 to September 30, 2012. Its return on assets was -2.00% a year; about 1% is typical.
Who owns NOVA Bank?
NOVA Bank is owned by Nova Financial Holdings Inc, its holding company.
When did NOVA Bank fail?
Oct 26, 2012. The estimated cost of the failure was $85.4 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.