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Bank failure · NY

The First National Bank of Rockland (Ramapo, NY) — failed September 13, 1985

The First National Bank of Rockland of Ramapo, New York was closed on September 13, 1985 and resolved through a insured deposit transfer. First Nb of Highland (NY) took over its insured deposits. At failure it held $29.5M in assets and $25.3M in deposits.

Closing date
September 13, 1985
FDIC certificate #
21562
Resolution
Insured deposit transfer (failure)
Acquiring institution
First Nb of Highland
Insurance fund
FDIC

Other failures in 1985

What happens when a bank fails