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Bank failure · NY

American Bank & Trust Company (New York, NY) — failed September 15, 1976

American Bank & Trust Company of New York, New York was closed on September 15, 1976 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $224.5M in assets and $165.1M in deposits.

Closing date
September 15, 1976
FDIC certificate #
638
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1976

What happens when a bank fails