MECHANICS SAVINGS BANK Failed 1982
What happened
MECHANICS SAVINGS BANK of ELMIRA, NY was closed on 1982-10-15. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to SYRACUSE SAVINGS BANK (SYRACUSE, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 721
- FDIC Certificate
- 15931
- FDIC FIN
- 1910
- Bank name
- MECHANICS SAVINGS BANK
- Location
- ELMIRA, NY
- Failure date
- 1982-10-15
- FDIC resolution date
- 1982-10-15
- Charter type
- MI
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $51M
- Assets at failure
- $55M
- Acquiring bank
- SYRACUSE SAVINGS BANK (SYRACUSE, NY)
Other banks SYRACUSE SAVINGS BANK acquired in FDIC resolutions