Bank failure · NY
First City National Bank and Trust (New York, NY) — failed December 20, 1989
First City National Bank and Trust of New York, New York was closed on December 20, 1989 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $39.5M in assets and $38.2M in deposits. The FDIC's estimated loss on the failure is $10.8M (27.4% of assets).
- Closing date
- December 20, 1989
- FDIC certificate #
- 26814
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- BIF
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