Bank failure · NY

The Western New York Savings Bk (Buffalo, NY) — failed January 15, 1982

The Western New York Savings Bk of Buffalo, New York was closed on January 15, 1982 and resolved through a a/a. The Buffalo Savings Bank (NY) took over its insured deposits. At failure it held $1.0B in assets and $874.6M in deposits. The FDIC's estimated loss on the failure is $30.2M (2.9% of assets).