# EDISON FSA

> **Failed bank** · NEW YORK, NY · failed 1990-11-30 · SL · FDIC cost $4M

## What happened

EDISON FSA of NEW YORK, NY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $116M
- **Assets at failure:** $140M
- **Acquiring bank:** FLUSHING SB (NEW YORK, NY)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=EDISON%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, EDISON FSA (FDIC ID 2947), failed 1990-11-30. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2947.

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