Bank failure · NY

NY & Suburban Fs&la (New York, NY) — failed May 31, 1981

NY & Suburban Fs&la of New York, New York was closed on May 31, 1981 and resolved through a a/a. Anchor Savings Bank FSB (NY) took over its insured deposits. At failure it held $547.6M in assets and $355.6M in deposits. The FDIC's estimated loss on the failure is $145.8M (26.6% of assets).