Bank failure · NY

USA Bank (Port Chester, NY) — failed July 9, 2010

USA Bank of Port Chester, New York was closed on July 9, 2010 and resolved through a purchase and assumption. New Century Bank (PA) took over its insured deposits. At failure it held $190.7M in assets and $188.6M in deposits. The FDIC's estimated loss on the failure is $63.5M (33.3% of assets).