# BOWERY SAVINGS BANK

> **Failed bank** · NEW YORK, NY · failed 1985-10-01 · SI · FDIC cost $335M

## What happened

BOWERY SAVINGS BANK of NEW YORK, NY was closed by state regulators on **1985-10-01**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **BOWERY SAVINGS BANK** (NEW YORK, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1076
- **FDIC Certificate:** 15919
- **FDIC FIN:** 1924
- **Bank name:** BOWERY SAVINGS BANK
- **Location:** NEW YORK, NY
- **Failure date:** 1985-10-01
- **FDIC resolution date:** 1985-10-01
- **Charter type:** SI
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $335M
- **Deposits at failure:** $5,002M
- **Assets at failure:** $5,277M
- **Acquiring bank:** BOWERY SAVINGS BANK (NEW YORK, NY)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BOWERY%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BOWERY SAVINGS BANK (FDIC ID 1076), failed 1985-10-01. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1076.

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