AMERICAN S & L ASSOCIATION Failed 1995
What happened
AMERICAN S & L ASSOCIATION of NEW YORK, NY was closed on 1995-05-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to INTERBANK OF NEW YORK (NONE, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3502
- FDIC Certificate
- 29781
- FDIC FIN
- 1311
- Bank name
- AMERICAN S & L ASSOCIATION
- Location
- NEW YORK, NY
- Failure date
- 1995-05-05
- FDIC resolution date
- 1995-05-05
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $58M
- Assets at failure
- $64M
- Acquiring bank
- INTERBANK OF NEW YORK (NONE, NY)