Bank failure · NY
Central Federal Savings (Mineola, NY) — failed December 7, 1990
Central Federal Savings of Mineola, New York was closed on December 7, 1990 and resolved through a purchase and assumption. Chemical Bank (NY) took over its insured deposits. At failure it held $890.8M in assets and $848.4M in deposits. The FDIC's estimated loss on the failure is $247.6M (27.8% of assets).
- Closing date
- December 7, 1990
- FDIC certificate #
- 29827
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Chemical Bank
- Insurance fund
- RTC
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