# EASTERN FS & LA OF SAYVILLE

> **Failed bank** · SAYVILLE, NY · failed 1991-09-27 · SL · FDIC cost $29M

## What happened

EASTERN FS & LA OF SAYVILLE of SAYVILLE, NY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $29M
- **Deposits at failure:** $265M
- **Assets at failure:** $250M
- **Acquiring bank:** BAYSIDE FSB (JERICHO, NY)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=EASTERN%20FS%20%26%20LA%20OF%20SAYVILLE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, EASTERN FS & LA OF SAYVILLE (FDIC ID 3200), failed 1991-09-27. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3200.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*