RIVERHEAD SAVINGS BANK Failed 1992
What happened
RIVERHEAD SAVINGS BANK of RIVERHEAD, 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 BANK OF NEW YORK (NEW YORK CITY, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3339
- FDIC Certificate
- 16033
- FDIC FIN
- 4498
- Bank name
- RIVERHEAD SAVINGS BANK
- Location
- RIVERHEAD, 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.)
- $0M
- Deposits at failure
- $317M
- Assets at failure
- $389M
- Acquiring bank
- BANK OF NEW YORK (NEW YORK CITY, NY)