Bank failure · NY

Greenwich Savings Bank (New York, NY) — failed November 4, 1981

Greenwich Savings Bank of New York, New York was closed on November 4, 1981 and resolved through a a/a. Metropolitan Savings Bank (NY) took over its insured deposits. At failure it held $2.5B in assets and $2.0B in deposits. The FDIC's estimated loss on the failure is $678.4M (27.4% of assets).