Bank failure · NY

Franklin Society Fs&la (New York, NY) — failed September 8, 1981

Franklin Society Fs&la of New York, New York was closed on September 8, 1981 and resolved through a a/a. First Fs&la of Rochester (NY) took over its insured deposits. At failure it held $947.4M in assets and $703.9M in deposits. The FDIC's estimated loss on the failure is $200.0M (21.1% of assets).