MONROE SAVINGS BANK, FSB Failed 1990
What happened
MONROE SAVINGS BANK, FSB of ROCHESTER, NY was closed on 1990-01-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MANUFACTURERS & TRADERS TRU (BUFFALO, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2628
- FDIC Certificate
- 16036
- FDIC FIN
- 4144
- Bank name
- MONROE SAVINGS BANK, FSB
- Location
- ROCHESTER, NY
- Failure date
- 1990-01-26
- FDIC resolution date
- 1990-01-26
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $489M
- Assets at failure
- $521M
- Acquiring bank
- MANUFACTURERS & TRADERS TRU (BUFFALO, NY)