Bank failure · NY

Dollar Dry Dock Bank (White Plains, NY) — failed February 21, 1992

Dollar Dry Dock Bank of White Plains, New York was closed on February 21, 1992 and resolved through a purchase and assumption. Emigrant Savings Bank (NY) took over its insured deposits. At failure it held $4.0B in assets and $3.7B in deposits. The FDIC's estimated loss on the failure is $309.1M (7.7% of assets).