Bank failure · NY
Freedom National Bank of New York (New York, NY) — failed November 9, 1990
Freedom National Bank of New York of New York, New York was closed on November 9, 1990 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $110.4M in assets and $101.0M in deposits. The FDIC's estimated loss on the failure is $12.3M (11.2% of assets).
- Closing date
- November 9, 1990
- FDIC certificate #
- 19316
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- BIF
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