YORKVILLE FEDERAL SAVINGS Failed 1990
What happened
YORKVILLE FEDERAL SAVINGS of NEW YORK, NY was closed on 1990-09-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NORTHERN SB (FLORAL BANK, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2909
- FDIC Certificate
- 29315
- FDIC FIN
- 2112
- Bank name
- YORKVILLE FEDERAL SAVINGS
- Location
- NEW YORK, NY
- Failure date
- 1990-09-21
- FDIC resolution date
- 1991-09-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $77M
- Deposits at failure
- $347M
- Assets at failure
- $345M
- Acquiring bank
- NORTHERN SB (FLORAL BANK, NY)