# MECHANICS SAVINGS BANK

> **Failed bank** · ELMIRA, NY · failed 1982-10-15 · MI

## What happened

MECHANICS SAVINGS BANK of ELMIRA, NY was closed by regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $51M
- **Assets at failure:** $55M
- **Acquiring bank:** SYRACUSE SAVINGS BANK (SYRACUSE, NY)

## Other banks SYRACUSE SAVINGS BANK has acquired in FDIC resolutions

- SYRACUSE SAVINGS BANK (SYRACUSE, NY) — failed 1987-05-13 — /failed-bank/1432
- AUBURN SAVINGS BANK (AUBURN, NY) — failed 1983-10-01 — /failed-bank/824

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MECHANICS SAVINGS BANK (FDIC ID 721), failed 1982-10-15. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/failed-bank/721.

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