# RELIANCE BANK

> **Failed bank** · WHITE PLAINS, NY · failed 2004-03-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

RELIANCE BANK of WHITE PLAINS, NY was closed by regulators on **2004-03-19**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **UNION STATE BANK** (NANUET, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3551
- **FDIC Certificate:** 26778
- **FDIC FIN:** 4664
- **Bank name:** RELIANCE BANK
- **Location:** WHITE PLAINS, NY
- **Failure date:** 2004-03-19
- **FDIC resolution date:** 2004-03-19
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $28M
- **Assets at failure:** $29M
- **Acquiring bank:** UNION STATE BANK (NANUET, NY)
- **FDIC comments:** OBA=0 per R Bennett 03/14/2012

## Other banks UNION STATE BANK has acquired in FDIC resolutions

- CEDAR BLUFF BANK (CEDAR BLUFF, AL) — failed 1982-11-02 — /failed-bank/724

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, RELIANCE BANK (FDIC ID 3551), failed 2004-03-19. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/3551.

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