DOLLAR DRY DOCK BANK Failed 1992
What happened
DOLLAR DRY DOCK BANK of WHITE PLAINS, NY was closed on 1992-02-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to EMIGRANT SAVINGS BANK (NEW YORK CITY, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3274
- FDIC Certificate
- 15897
- FDIC FIN
- 4451
- Bank name
- DOLLAR DRY DOCK BANK
- Location
- WHITE PLAINS, NY
- Failure date
- 1992-02-21
- FDIC resolution date
- 1992-02-21
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $309M
- Deposits at failure
- $3,733M
- Assets at failure
- $4,028M
- Acquiring bank
- EMIGRANT SAVINGS BANK (NEW YORK CITY, NY)