Bank failure · NY
Beacon Federal Savings (Baldwin, NY) — failed March 8, 1991
Beacon Federal Savings of Baldwin, New York was closed on March 8, 1991 and resolved through a purchase and assumption. North Side Sb (NY) took over its insured deposits. At failure it held $406.0M in assets and $388.6M in deposits. The FDIC's estimated loss on the failure is $19.9M (4.9% of assets).
- Closing date
- March 8, 1991
- FDIC certificate #
- 29036
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- North Side Sb
- Insurance fund
- RTC
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