# FIRST INTERCOUNTY BANK OF NEW YORK

> **Failed bank** · NEW YORK, NY · failed 1988-03-11 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $8M

## What happened

FIRST INTERCOUNTY BANK OF NEW YORK of NEW YORK, NY was closed by regulators 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
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $38M
- **Assets at failure:** $44M
- **Acquiring bank:** COMMUNITY NB&T CO OF NY (NEW YORK CITY, NY)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20INTERCOUNTY%20BANK%20OF%20NEW%20YORK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST INTERCOUNTY BANK OF NEW YORK (FDIC ID 1644), failed 1988-03-11. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1644.

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