Bank failure · NY

Allied Fs&la (Jamaica, NY) — failed July 31, 1982

Allied Fs&la of Jamaica, New York was closed on July 31, 1982 and resolved through a a/a. Carver Fs&la (NY) took over its insured deposits. At failure it held $18.3M in assets and $17.0M in deposits. The FDIC's estimated loss on the failure is $2.0M (10.8% of assets).