# FRANKLIN SOCIETY FS&LA

> **Failed bank** · NEW YORK, NY · failed 1981-09-08 · SL · FDIC cost $200M

## What happened

FRANKLIN SOCIETY 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 **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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FIRST FS&LA OF NEW YORK (NEW YORK CITY, NY) — failed 1982-09-20 — /failed-bank/705
- KNICKERBOCKER FS&LA (NEW YORK, NY) — failed 1982-03-09 — /failed-bank/650
- NINTH FEDERAL SAVINGS (NEW YORK, NY) — failed 1982-03-09 — /failed-bank/649
- FIRST FS&LA OF ROCHESTER (ROCHESTER, NY) — failed 1981-09-08 — /failed-bank/602

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FRANKLIN SOCIETY FS&LA (FDIC ID 603), failed 1981-09-08. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/603.

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