SOUTH SHORE FS&LA Failed 1982
What happened
SOUTH SHORE FS&LA of MASSAPEQUA, NY was closed on 1982-11-15. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to EMPIRE OF AMERICA FSA (DELAND, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 729
- FDIC Certificate
- 29218
- FDIC FIN
- 1634
- Bank name
- SOUTH SHORE FS&LA
- Location
- MASSAPEQUA, NY
- Failure date
- 1982-11-15
- FDIC resolution date
- 1982-11-15
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $20M
- Deposits at failure
- $272M
- Assets at failure
- $366M
- Acquiring bank
- EMPIRE OF AMERICA FSA (DELAND, FL)
Other banks EMPIRE OF AMERICA FSA acquired in FDIC resolutions