Bank failure · NY

Crossland Savings Bank, FSB (Brooklyn, NY) — failed January 24, 1992

Crossland Savings Bank, FSB of Brooklyn, New York was closed on January 24, 1992 and resolved through a purchase and assumption. Public Stock Sale (0) took over its insured deposits. At failure it held $7.4B in assets and $5.5B in deposits. The FDIC's estimated loss on the failure is $753.4M (10.1% of assets).