Bank failure · NY

The New York Bk for Savings (New York, NY) — failed March 26, 1982

The New York Bk for Savings of New York, New York was closed on March 26, 1982 and resolved through a a/a. The Buffalo Savings Bank (NY) took over its insured deposits. At failure it held $3.5B in assets and $2.9B in deposits. The FDIC's estimated loss on the failure is $751.4M (21.4% of assets).