LARCHMONT FS & LA Failed 1991
What happened
LARCHMONT FS & LA of LARCHMONT, NY was closed on 1991-08-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PEOPLES WESTCHESTER SB (HAWTHORNE, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3160
- FDIC Certificate
- 28587
- FDIC FIN
- 7398
- Bank name
- LARCHMONT FS & LA
- Location
- LARCHMONT, NY
- Failure date
- 1991-08-09
- FDIC resolution date
- 1991-08-09
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $124M
- Assets at failure
- $124M
- Acquiring bank
- PEOPLES WESTCHESTER SB (HAWTHORNE, NY)