Data / Bank failures / 1985 / Bowery Savings Bank
Bowery Savings Bank, New York, NY: received FDIC assistance October 1, 1985
Bowery Savings Bank in New York, New York, received open bank assistance from the FDIC on October 1, 1985. It held $5.28 billion in assets and $5.00 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $334.5 million (6.3% of its assets). By assets it was the largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- October 1, 1985
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Bowery Savings Bank, New York, NY
- Total assets
- $5,277,472,000
- Total deposits
- $5,001,932,000
- Estimated cost to the FDIC
- $334,542,400 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- FDIC
- FDIC certificate
- 15919
Other bank failures in New York, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Central National Bank of New York | New York | September 11, 1987 | $180.8 million | $174.7 million | $58.7 million | |
| Syracuse Savings Bank (assistance) | Syracuse | May 13, 1987 | $1.18 billion | $1.10 billion | Syracuse Savings Bank | |
| Home Savings Bank (assistance) | White Plains | December 31, 1985 | $413.9 million | $405 million | $5.7 million | Home Savings Bank |
| The First National Bank of Rockland | Ramapo | September 13, 1985 | $29.5 million | $25.3 million | First NB of Highland | |
| Flushing FS&LA (assistance) | Flushing | July 19, 1985 | $527.7 million | $524.9 million | $22.9 million | Long Island Savings Bank F |
| Golden Pacific National Bank | New York | June 21, 1985 | $146.3 million | $131.4 million | HONGKONG&SHANGHAI BK Cor | |
| Suburbia FS&LA (assistance) | Garden City | October 1, 1984 | $660.2 million | $630.8 million | $16 million | Fidelity New York FA |
| Century FS&LA (assistance) | Cedarhurst | August 10, 1984 | $651.7 million | $724.5 million | $6.5 million | Home Savings of America FA |
All bank failures in 1985 · All bank failures in New York · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.