Bank failure · NY

Monroe Savings Bank, FSB (Rochester, NY) — failed January 26, 1990

Monroe Savings Bank, FSB of Rochester, New York was closed on January 26, 1990 and resolved through a purchase and assumption. Manufacturers & Traders Tru (NY) took over its insured deposits. At failure it held $520.6M in assets and $488.8M in deposits. The FDIC's estimated loss on the failure is $25.7M (4.9% of assets).