Bank failure · NY

West Side Fs&la (New York, NY) — failed September 8, 1981

West Side Fs&la of New York, New York was closed on September 8, 1981 and resolved through a a/a. Citizens Savings (CA) took over its insured deposits. At failure it held $2.5B in assets and $2.0B in deposits. The FDIC's estimated loss on the failure is $315.5M (12.6% of assets).