THE SEAMEN'S BANK OF SAVINGS, FS Failed 1990

NEW YORK, NY · Savings bank · view on FDIC BankFind ↗

What happened

THE SEAMEN'S BANK OF SAVINGS, FS of NEW YORK, NY was closed on 1990-04-18. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to THE CHASE MANHATTAN BANK(NA (NEW YORK, NY). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2726
FDIC Certificate
16070
FDIC FIN
4180
Bank name
THE SEAMEN'S BANK OF SAVINGS, FS
Location
NEW YORK, NY
Failure date
1990-04-18
FDIC resolution date
1990-04-18
Charter type
Savings bank
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$148M
Deposits at failure
$2,142M
Assets at failure
$3,392M
Acquiring bank
THE CHASE MANHATTAN BANK(NA (NEW YORK, NY)