Bank failure · NY

Guardian FSB (Northport, NY) — failed April 30, 1981

Guardian FSB of Northport, New York was closed on April 30, 1981 and resolved through a a/a. Anchor Savings Bank FSB (NY) took over its insured deposits. At failure it held $125.9M in assets and $89.1M in deposits. The FDIC's estimated loss on the failure is $31.4M (24.9% of assets).