# AMERICAN SAVINGS BANK

> **Failed bank** · WHITE PLAINS, NY · failed 1992-06-12 · SI · FDIC cost $431M

## What happened

AMERICAN SAVINGS BANK of WHITE PLAINS, NY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- THE HOWARD SAVINGS BANK (NEWARK, NJ) — failed 1992-10-02 — /failed-bank/3378

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=AMERICAN%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN SAVINGS BANK (FDIC ID 3338), failed 1992-06-12. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/failed-bank/3338.

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