# CENTRAL SAVINGS BANK

> **Failed bank** · NEW YORK, NY · failed 1981-12-04 · MI · FDIC cost $33M

## What happened

CENTRAL SAVINGS BANK of NEW YORK, NY was closed by regulators on **1981-12-04**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **HARLEM SAVINGS BANK** (NEW YORK CITY, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 617
- **FDIC Certificate:** 16064
- **FDIC FIN:** 1902
- **Bank name:** CENTRAL SAVINGS BANK
- **Location:** NEW YORK, NY
- **Failure date:** 1981-12-04
- **FDIC resolution date:** 1981-12-04
- **Charter type:** MI
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $33M
- **Deposits at failure:** $699M
- **Assets at failure:** $910M
- **Acquiring bank:** HARLEM SAVINGS BANK (NEW YORK CITY, NY)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CENTRAL SAVINGS BANK (FDIC ID 617), failed 1981-12-04. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/617.

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