# THE NEW YORK BK FOR SAVINGS

> **Failed bank** · NEW YORK, NY · failed 1982-03-26 · MI · FDIC cost $751M

## What happened

THE NEW YORK BK FOR SAVINGS of NEW YORK, NY was closed by regulators on **1982-03-26**. 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:** 654
- **FDIC Certificate:** 15901
- **FDIC FIN:** 1907
- **Bank name:** THE NEW YORK BK FOR SAVINGS
- **Location:** NEW YORK, NY
- **Failure date:** 1982-03-26
- **FDIC resolution date:** 1982-03-26
- **Charter type:** MI
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $751M
- **Deposits at failure:** $2,900M
- **Assets at failure:** $3,504M
- **Acquiring bank:** THE BUFFALO SAVINGS BANK (BUFFALO, NY)

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

- THE WESTERN NEW YORK SAVINGS BK (BUFFALO, NY) — failed 1982-01-15 — /failed-bank/625
- UNION DIME SAVINGS BANK (NEW YORK, NY) — failed 1981-12-18 — /failed-bank/624

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20NEW%20YORK%20BK%20FOR%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE NEW YORK BK FOR SAVINGS (FDIC ID 654), failed 1982-03-26. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/654.

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