The Graveyard › Banks › 1985
Bowery Savings Bank
New York · assisted October 1, 1985 · FDIC certificate 15919
Bowery Savings Bank of New York was given assistance by the FDIC on October 1, 1985. The FDIC's list records an assistance transaction, not a closing. It opened in 1834, 151 years before. At its last report before that it held $5.3 billion in assets and $5.0 billion in deposits. The FDIC estimates that the FDIC's insurance fund lost $334.5 million on it.
1984-031985-09
Assets at the end$5.3 billionlast report before October 1, 1985
Deposits at the end$5.0 billion
Estimated loss to the fund$334.5 millionFDIC
Equity to assets0.7%September 30, 1985
Return on assets-1.09%a year's rate, September 30, 1985
Staff1,107full time, September 30, 1985
Also ended in 1985
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion in assets
- Southern California S&LA · Beverly Hills · $1.5 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.