# SOUTH SHORE FS&LA

> **Failed bank** · MASSAPEQUA, NY · failed 1982-11-15 · SL · FDIC cost $20M

## What happened

SOUTH SHORE FS&LA of MASSAPEQUA, NY was closed by state regulators 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
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $272M
- **Assets at failure:** $366M
- **Acquiring bank:** EMPIRE OF AMERICA FSA (DELAND, FL)

## Other banks EMPIRE OF AMERICA FSA has acquired in FDIC resolutions

- ISLAND S&LA (HEMPSTEAD, NY) — failed 1982-11-15 — /failed-bank/728
- HARRIS COUNTY FS&LA (BAYTOWN, TX) — failed 1982-07-30 — /failed-bank/681

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SOUTH%20SHORE%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTH SHORE FS&LA (FDIC ID 729), failed 1982-11-15. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/729.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*