# WEST SIDE FS&LA

> **Failed bank** · NEW YORK, NY · failed 1981-09-08 · SL · FDIC cost $316M

## What happened

WEST SIDE FS&LA of NEW YORK, NY was closed by state regulators on **1981-09-08**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CITIZENS SAVINGS** (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 601
- **FDIC Certificate:** 28630
- **FDIC FIN:** 1612
- **Bank name:** WEST SIDE FS&LA
- **Location:** NEW YORK, NY
- **Failure date:** 1981-09-08
- **FDIC resolution date:** 1981-09-08
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $316M
- **Deposits at failure:** $1,960M
- **Assets at failure:** $2,496M
- **Acquiring bank:** CITIZENS SAVINGS (SAN FRANCISCO, CA)

## Other banks CITIZENS SAVINGS has acquired in FDIC resolutions

- AMERICAN SB (SPRINGFIELD, IL) — failed 1988-12-29 — /failed-bank/2043
- WASHINGTON FS&LA (MIAMI BEACH, FL) — failed 1981-09-08 — /failed-bank/604

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WEST%20SIDE%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WEST SIDE FS&LA (FDIC ID 601), failed 1981-09-08. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/601.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*