Bank failure · NY

Suffolk County Fs&la (Centereach, NY) — failed April 15, 1982

Suffolk County Fs&la of Centereach, New York was closed on April 15, 1982 and resolved through a a/a. Long Island Savings Bank F (NY) took over its insured deposits. At failure it held $1.1B in assets and $950.2M in deposits. The FDIC's estimated loss on the failure is $25.0M (2.2% of assets).