THE UNION SAVINGS BANK Failed 1992
What happened
THE UNION SAVINGS BANK of PATCHOGUE, NY was closed on 1992-08-28. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to HOME FEDERAL SAVINGS BAN (NEW YORK CITY, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3369
- FDIC Certificate
- 15979
- FDIC FIN
- 4511
- Bank name
- THE UNION SAVINGS BANK
- Location
- PATCHOGUE, NY
- Failure date
- 1992-08-28
- FDIC resolution date
- 1992-08-28
- Charter type
- SI
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $134M
- Deposits at failure
- $529M
- Assets at failure
- $491M
- Acquiring bank
- HOME FEDERAL SAVINGS BAN (NEW YORK CITY, NY)