Bank failure · NY

Union Fs&la of New York (New York, NY) — failed September 10, 1982

Union Fs&la of New York of New York, New York was closed on September 10, 1982 and resolved through a a/a. Bayside Fs&la (NY) took over its insured deposits. At failure it held $151.8M in assets and $122.6M in deposits. The FDIC's estimated loss on the failure is $8.8M (5.8% of assets).