Bank failure · NY

Dry Dock Savings Bank (New York, NY) — failed February 9, 1983

Dry Dock Savings Bank of New York, New York was closed on February 9, 1983 and resolved through a a/a. Dollar-Dry Sb of NY (NY) took over its insured deposits. At failure it held $2.5B in assets and $2.0B in deposits. The FDIC's estimated loss on the failure is $59.4M (2.4% of assets).