Bank failure · NY

Eastern Fs & LA of Sayville (Sayville, NY) — failed September 27, 1991

Eastern Fs & LA of Sayville of Sayville, New York was closed on September 27, 1991 and resolved through a purchase and assumption. Bayside FSB (NY) took over its insured deposits. At failure it held $249.5M in assets and $264.9M in deposits. The FDIC's estimated loss on the failure is $29.1M (11.7% of assets).