Bank failure · NY
Whitestone Savings (Whitestone, NY) — failed March 16, 1990
Whitestone Savings of Whitestone, New York was closed on March 16, 1990 and resolved through a purchase and assumption. Astoria Fs&la (NY) took over its insured deposits. At failure it held $396.9M in assets and $352.7M in deposits. The FDIC's estimated loss on the failure is $36.5M (9.2% of assets).
- Closing date
- March 16, 1990
- FDIC certificate #
- 30194
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Astoria Fs&la
- Insurance fund
- RTC
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