Pennsylvania Statutes Title 7 P.S. Banks and Banking § 1809. Distribution of assets upon insolvency

(a) First, the payment of costs and expenses of administration of the liquidation or dissolution,

(b) Second, the payment of claims which are given priority by applicable statutes and, if the assets are insufficient for the payment in full of all such claims, in the order provided by such statutes or, in the absence of contrary provisions, pro rata,

(c) Third, the payment of all other claims pro rata, exclusive of claims on subordinated securities of a mutual savings bank or capital securities of any other institution, and

(d) Fourth, the payment of such subordinated securities or capital securities.