WHITESTONE SAVINGS Failed 1990
What happened
WHITESTONE SAVINGS of WHITESTONE, 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 ASTORIA FS&LA (JACKSON HEIGHTS, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2704
- FDIC Certificate
- 30194
- FDIC FIN
- 7221
- Bank name
- WHITESTONE SAVINGS
- Location
- WHITESTONE, 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.)
- $37M
- Deposits at failure
- $353M
- Assets at failure
- $397M
- Acquiring bank
- ASTORIA FS&LA (JACKSON HEIGHTS, NY)