Bank failure · NY

Ensign Bank, FSB (New York, NY) — failed August 31, 1990

Ensign Bank, FSB of New York, New York was closed on August 31, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $1.8B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $628.5M (35.3% of assets).