THE PERMANENT SAVINGS BANK Failed 1990
What happened
THE PERMANENT SAVINGS BANK of NIAGARA FALLS, NY was closed on 1990-07-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to KEY BANK OF WESTERN NEW YOR (BUFFALO, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2844
- FDIC Certificate
- 22583
- FDIC FIN
- 4248
- Bank name
- THE PERMANENT SAVINGS BANK
- Location
- NIAGARA FALLS, NY
- Failure date
- 1990-07-13
- FDIC resolution date
- 1990-07-13
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $319M
- Assets at failure
- $330M
- Acquiring bank
- KEY BANK OF WESTERN NEW YOR (BUFFALO, NY)
Other banks KEY BANK OF WESTERN NEW YOR acquired in FDIC resolutions
- GOLDOME (BUFFALO, NY) — failed 1991-05-31