Data / Bank failures / 1995 / American S & L Association
American S & L Association, New York, NY: failed May 5, 1995
American S & L Association in New York, New York, failed on May 5, 1995. Interbank of New York of None, NY, took over its deposits. It held $64.4 million in assets and $57.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6 million (9.3% of its assets). By assets it was the 6th largest of 8 banks closed or assisted in 1995.
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The FDIC's record
- Closed
- May 5, 1995
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Interbank of New York, None, NY
- Total assets
- $64,397,000
- Total deposits
- $57,667,000
- Estimated cost to the FDIC
- $5,966,802 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29781
Other bank failures in New York, 1993 to 1997
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Jefferson National Bank | Watertown | February 26, 1993 | $256 million | $248.7 million | $43.5 million | Fleet Bank of New York |
All bank failures in 1995 · All bank failures in New York · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.