NASAU FEDERAL SAVINGS & LOAN Failed 1990
What happened
NASAU FEDERAL SAVINGS & LOAN of BROOKLYN, NY was closed on 1990-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to STATEN ISLAND SB (STATEN ISLAND, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2701
- FDIC Certificate
- 29122
- FDIC FIN
- 7220
- Bank name
- NASAU FEDERAL SAVINGS & LOAN
- Location
- BROOKLYN, NY
- Failure date
- 1990-03-16
- FDIC resolution date
- 1990-11-16
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $60M
- Deposits at failure
- $300M
- Assets at failure
- $297M
- Acquiring bank
- STATEN ISLAND SB (STATEN ISLAND, NY)