# THE SEAMEN'S BANK OF SAVINGS, FS

> **Failed bank** · NEW YORK, NY · failed 1990-04-18 · Savings bank · FDIC cost $148M

## What happened

THE SEAMEN'S BANK OF SAVINGS, FS of NEW YORK, NY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $148M
- **Deposits at failure:** $2,142M
- **Assets at failure:** $3,392M
- **Acquiring bank:** THE CHASE MANHATTAN BANK(NA (NEW YORK, NY)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20SEAMEN'S%20BANK%20OF%20SAVINGS%2C%20FS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE SEAMEN'S BANK OF SAVINGS, FS (FDIC ID 2726), failed 1990-04-18. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/2726.

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