# MONROE SAVINGS BANK, FSB

> **Failed bank** · ROCHESTER, NY · failed 1990-01-26 · Savings bank · FDIC cost $26M

## What happened

MONROE SAVINGS BANK, FSB of ROCHESTER, NY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $26M
- **Deposits at failure:** $489M
- **Assets at failure:** $521M
- **Acquiring bank:** MANUFACTURERS & TRADERS TRU (BUFFALO, NY)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MONROE%20SAVINGS%20BANK%2C%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MONROE SAVINGS BANK, FSB (FDIC ID 2628), failed 1990-01-26. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/2628.

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