# JEFFERSON NATIONAL BANK

> **Failed bank** · WATERTOWN, NY · failed 1993-02-26 · National commercial bank (OCC-chartered) · FDIC cost $44M

## What happened

JEFFERSON NATIONAL BANK of WATERTOWN, NY was closed by the OCC on **1993-02-26**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **FLEET BANK OF NEW YORK** (ALBANY, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3440
- **FDIC Certificate:** 7135
- **FDIC FIN:** 4565
- **Bank name:** JEFFERSON NATIONAL BANK
- **Location:** WATERTOWN, NY
- **Failure date:** 1993-02-26
- **FDIC resolution date:** 1993-02-26
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $44M
- **Deposits at failure:** $249M
- **Assets at failure:** $256M
- **Acquiring bank:** FLEET BANK OF NEW YORK (ALBANY, NY)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, JEFFERSON NATIONAL BANK (FDIC ID 3440), failed 1993-02-26. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3440.

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