Bank failure · NY
Westerleigh Savings (Staten Island, NY) — failed May 31, 1991
Westerleigh Savings of Staten Island, New York was closed on May 31, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $147.8M in assets and $145.2M in deposits. The FDIC's estimated loss on the failure is $9.9M (6.7% of assets).
- Closing date
- May 31, 1991
- FDIC certificate #
- 28019
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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