Bank failure · NY

United Mutual Savings Bank (New York, NY) — failed September 24, 1982

United Mutual Savings Bank of New York, New York was closed on September 24, 1982 and resolved through a a/a. American Savings Bank (NY) took over its insured deposits. At failure it held $832.9M in assets and $777.9M in deposits. The FDIC's estimated loss on the failure is $33.1M (4.0% of assets).