Bank failure · NY
Nasau Federal Savings & Loan (Brooklyn, NY) — failed March 16, 1990
Nasau Federal Savings & Loan of Brooklyn, New York was closed on March 16, 1990 and resolved through a purchase and assumption. Staten Island Sb (NY) took over its insured deposits. At failure it held $296.8M in assets and $300.5M in deposits. The FDIC's estimated loss on the failure is $60.3M (20.3% of assets).
- Closing date
- March 16, 1990
- FDIC certificate #
- 29122
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Staten Island Sb
- Insurance fund
- RTC
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