Bank failure · NY
Edison Fsa (New York, NY) — failed November 30, 1990
Edison Fsa of New York, New York was closed on November 30, 1990 and resolved through a purchase and assumption. Flushing Sb (NY) took over its insured deposits. At failure it held $140.1M in assets and $115.8M in deposits. The FDIC's estimated loss on the failure is $3.9M (2.8% of assets).
- Closing date
- November 30, 1990
- FDIC certificate #
- 29003
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Flushing Sb
- Insurance fund
- RTC
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