AMERICAN SAVINGS BANK Failed 1992
What happened
AMERICAN SAVINGS BANK of WHITE PLAINS, NY was closed on 1992-06-12. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to FIRST FIDELITY BANK NA N (NEW YORK CITY, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3338
- FDIC Certificate
- 16017
- FDIC FIN
- 4497
- Bank name
- AMERICAN SAVINGS BANK
- Location
- WHITE PLAINS, NY
- Failure date
- 1992-06-12
- FDIC resolution date
- 1992-06-12
- Charter type
- SI
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $431M
- Deposits at failure
- $2,827M
- Assets at failure
- $3,202M
- Acquiring bank
- FIRST FIDELITY BANK NA N (NEW YORK CITY, NY)
Other banks FIRST FIDELITY BANK NA N acquired in FDIC resolutions