EDISON FSA Failed 1990
What happened
EDISON FSA of NEW YORK, NY was closed on 1990-11-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FLUSHING SB (NEW YORK, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2947
- FDIC Certificate
- 29003
- FDIC FIN
- 7421
- Bank name
- EDISON FSA
- Location
- NEW YORK, NY
- Failure date
- 1990-11-30
- FDIC resolution date
- 1991-08-30
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $116M
- Assets at failure
- $140M
- Acquiring bank
- FLUSHING SB (NEW YORK, NY)