# THE PERMANENT SAVINGS BANK

> **Failed bank** · NIAGARA FALLS, NY · failed 1990-07-13 · SI

## What happened

THE PERMANENT SAVINGS BANK of NIAGARA FALLS, NY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- GOLDOME (BUFFALO, NY) — failed 1991-05-31 — /failed-bank/3115

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE PERMANENT SAVINGS BANK (FDIC ID 2844), failed 1990-07-13. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2844.

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