# SALAMANCA FED. SAVINGS ASSOC.

> **Failed bank** · SALAMANCA, NY · failed 1989-11-30 · SL · FDIC cost $0M

## What happened

SALAMANCA FED. SAVINGS ASSOC. of SALAMANCA, NY was closed by state regulators on **1989-11-30**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CATTARAUGUS CITY BANK** (LITTLE VALLEY, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2566
- **FDIC Certificate:** 29436
- **FDIC FIN:** 7130
- **Bank name:** SALAMANCA FED. SAVINGS ASSOC.
- **Location:** SALAMANCA, NY
- **Failure date:** 1989-11-30
- **FDIC resolution date:** 1990-08-17
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $30M
- **Assets at failure:** $30M
- **Acquiring bank:** CATTARAUGUS CITY BANK (LITTLE VALLEY, NY)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SALAMANCA FED. SAVINGS ASSOC. (FDIC ID 2566), failed 1989-11-30. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/2566.

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