Bank failure · NY
Jefferson National Bank (Watertown, NY) — failed February 26, 1993
Jefferson National Bank of Watertown, New York was closed on February 26, 1993 and resolved through a purchase and assumption (insured deposits). Fleet Bank of New York (NY) took over its insured deposits. At failure it held $256.0M in assets and $248.7M in deposits. The FDIC's estimated loss on the failure is $43.5M (17.0% of assets).
- Closing date
- February 26, 1993
- FDIC certificate #
- 7135
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Fleet Bank of New York
- Insurance fund
- BIF
Other failures in 1993
- Century Thrift and Loan CA
- The Bank of San Diego CA
- Mid City Bank, N.A. CA
- Brentwood Thrift and Loan Association CA
- Plaza Bank, N.A. of New Braunfels TX
- Westside Bank, FSB CA
- Western United National Bank CA
- Regent Thrift and Loan Association CA
- Amador Valley S & L CA
- Maritime Bank of California CA
- Tarrant Bank TX
- Golden State FSB CA
- New Atlantic Bank, NA VA
- The Wolfe City National Bank TX
- Fidelity National Bank TX
- City Thrift and Loan Association CA
- First California Bank CA
- Jefferson Bank & Trust CO
- Emerald City Bank WA
- Westheimer National Bank TX
- Eagle Bank of Champaign County, National a IL
- City National Bank of Washington DC
- Capital Bank of California CA
- American Bank and Trust CA