EASTERN FS & LA OF SAYVILLE Failed 1991
What happened
EASTERN FS & LA OF SAYVILLE of SAYVILLE, NY was closed on 1991-09-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BAYSIDE FSB (JERICHO, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3200
- FDIC Certificate
- 29563
- FDIC FIN
- 2113
- Bank name
- EASTERN FS & LA OF SAYVILLE
- Location
- SAYVILLE, NY
- Failure date
- 1991-09-27
- FDIC resolution date
- 1991-09-27
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $29M
- Deposits at failure
- $265M
- Assets at failure
- $250M
- Acquiring bank
- BAYSIDE FSB (JERICHO, NY)