# AMERICAN S & L ASSOCIATION

> **Failed bank** · NEW YORK, NY · failed 1995-05-05 · SL · FDIC cost $6M

## What happened

AMERICAN S & L ASSOCIATION of NEW YORK, NY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $58M
- **Assets at failure:** $64M
- **Acquiring bank:** INTERBANK OF NEW YORK (NONE, NY)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=AMERICAN%20S%20%26%20L%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN S & L ASSOCIATION (FDIC ID 3502), failed 1995-05-05. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3502.

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