# WHITESTONE SAVINGS

> **Failed bank** · WHITESTONE, NY · failed 1990-03-16 · SL · FDIC cost $37M

## What happened

WHITESTONE SAVINGS of WHITESTONE, NY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $37M
- **Deposits at failure:** $353M
- **Assets at failure:** $397M
- **Acquiring bank:** ASTORIA FS&LA (JACKSON HEIGHTS, NY)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WHITESTONE SAVINGS (FDIC ID 2704), failed 1990-03-16. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2704.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*