Bank failure · NY
Salamanca Fed. Savings Assoc. (Salamanca, NY) — failed November 30, 1989
Salamanca Fed. Savings Assoc. of Salamanca, New York was closed on November 30, 1989 and resolved through a purchase and assumption. Cattaraugus City Bank (NY) took over its insured deposits. At failure it held $29.7M in assets and $29.7M in deposits. The FDIC's estimated loss on the failure is $1K (0.0% of assets).
- Closing date
- November 30, 1989
- FDIC certificate #
- 29436
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Cattaraugus City Bank
- Insurance fund
- RTC
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