FIRST INTERCOUNTY BANK OF NEW YORK Failed 1988
What happened
FIRST INTERCOUNTY BANK OF NEW YORK of NEW YORK, NY was closed on 1988-03-11. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to COMMUNITY NB&T CO OF NY (NEW YORK CITY, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1644
- FDIC Certificate
- 26227
- FDIC FIN
- 5933
- Bank name
- FIRST INTERCOUNTY BANK OF NEW YORK
- Location
- NEW YORK, NY
- Failure date
- 1988-03-11
- FDIC resolution date
- 1988-03-11
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $38M
- Assets at failure
- $44M
- Acquiring bank
- COMMUNITY NB&T CO OF NY (NEW YORK CITY, NY)