Bank failure · NY

Central Savings Bank (New York, NY) — failed December 4, 1981

Central Savings Bank of New York, New York was closed on December 4, 1981 and resolved through a a/a. Harlem Savings Bank (NY) took over its insured deposits. At failure it held $910.2M in assets and $698.9M in deposits. The FDIC's estimated loss on the failure is $32.9M (3.6% of assets).