# UNION DIME SAVINGS BANK

> **Failed bank** · NEW YORK, NY · failed 1981-12-18 · MI · FDIC cost $62M

## What happened

UNION DIME SAVINGS BANK of NEW YORK, NY was closed by regulators on **1981-12-18**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **THE BUFFALO SAVINGS BANK** (BUFFALO, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 624
- **FDIC Certificate:** 16051
- **FDIC FIN:** 1903
- **Bank name:** UNION DIME SAVINGS BANK
- **Location:** NEW YORK, NY
- **Failure date:** 1981-12-18
- **FDIC resolution date:** 1981-12-18
- **Charter type:** MI
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $62M
- **Deposits at failure:** $1,261M
- **Assets at failure:** $1,453M
- **Acquiring bank:** THE BUFFALO SAVINGS BANK (BUFFALO, NY)

## Other banks THE BUFFALO SAVINGS BANK has acquired in FDIC resolutions

- THE NEW YORK BK FOR SAVINGS (NEW YORK, NY) — failed 1982-03-26 — /failed-bank/654
- THE WESTERN NEW YORK SAVINGS BK (BUFFALO, NY) — failed 1982-01-15 — /failed-bank/625

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNION DIME SAVINGS BANK (FDIC ID 624), failed 1981-12-18. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/624.

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