FRANKLIN SOCIETY FS&LA Failed 1981
What happened
FRANKLIN SOCIETY FS&LA of NEW YORK, NY was closed on 1981-09-08. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST FS&LA OF ROCHESTER (ROCHESTER, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 603
- FDIC Certificate
- 30496
- FDIC FIN
- 0
- Bank name
- FRANKLIN SOCIETY FS&LA
- Location
- NEW YORK, NY
- Failure date
- 1981-09-08
- FDIC resolution date
- 1981-09-08
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $200M
- Deposits at failure
- $704M
- Assets at failure
- $947M
- Acquiring bank
- FIRST FS&LA OF ROCHESTER (ROCHESTER, NY)
Other banks FIRST FS&LA OF ROCHESTER acquired in FDIC resolutions