Data / Bank failures / 1987 / Central National Bank of New York
Central National Bank of New York, New York, NY: failed September 11, 1987
Central National Bank of New York in New York, New York, failed on September 11, 1987. It held $180.8 million in assets and $174.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $58.7 million (32.5% of its assets). By assets it was the 31st largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- September 11, 1987
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $180,796,000
- Total deposits
- $174,715,000
- Estimated cost to the FDIC
- $58,682,342 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 13403
Other bank failures in New York, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First City National Bank and Trust | New York | December 20, 1989 | $39.5 million | $38.2 million | $10.8 million | |
| Salamanca Fed. Savings Assoc. | Salamanca | November 30, 1989 | $29.7 million | $29.7 million | $1,253 | Cattaraugus City Bank |
| Empire State Bank | New York | July 28, 1989 | $30.2 million | $26.2 million | $2.6 million | |
| Guardian Bank, N.A. | Hempstead | June 21, 1989 | $409.4 million | $383 million | $203.6 million | |
| First Intercounty Bank of New York | New York | March 11, 1988 | $44.1 million | $37.9 million | $8 million | Community NB&T Co of Ny |
| 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 |
| Bowery Savings Bank (assistance) | New York | October 1, 1985 | $5.28 billion | $5.00 billion | $334.5 million | Bowery Savings Bank |
All bank failures in 1987 · 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.