Bank failure · NY

Bowery Savings Bank (New York, NY) — failed October 1, 1985

Bowery Savings Bank of New York, New York was closed on October 1, 1985 and resolved through a a/a. Bowery Savings Bank (NY) took over its insured deposits. At failure it held $5.3B in assets and $5.0B in deposits. The FDIC's estimated loss on the failure is $334.5M (6.3% of assets).