Bank failure · NY

First Intercounty Bank of New York (New York, NY) — failed March 11, 1988

First Intercounty Bank of New York of New York, New York was closed on March 11, 1988 and resolved through a insured deposit transfer. Community Nb&t Co of NY (NY) took over its insured deposits. At failure it held $44.1M in assets and $37.9M in deposits. The FDIC's estimated loss on the failure is $8.0M (18.1% of assets).