Bank failure · NY
Riverhead Savings Bank (Riverhead, NY) — failed June 12, 1992
Riverhead Savings Bank of Riverhead, New York was closed on June 12, 1992 and resolved through a purchase and assumption (insured deposits). Bank of New York (NY) took over its insured deposits. At failure it held $388.8M in assets and $316.6M in deposits.
- Closing date
- June 12, 1992
- FDIC certificate #
- 16033
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Bank of New York
- Insurance fund
- BIF
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