Bank failure · NY

Union Dime Savings Bank (New York, NY) — failed December 18, 1981

Union Dime Savings Bank of New York, New York was closed on December 18, 1981 and resolved through a a/a. The Buffalo Savings Bank (NY) took over its insured deposits. At failure it held $1.5B in assets and $1.3B in deposits. The FDIC's estimated loss on the failure is $61.5M (4.2% of assets).