Data / Bank failures / 1992 / Crossland Savings Bank, FSB
Crossland Savings Bank, FSB, Brooklyn, NY: failed January 24, 1992
Crossland Savings Bank, FSB in Brooklyn, New York, failed on January 24, 1992. Public Stock Sale took over its deposits. It held $7.43 billion in assets and $5.51 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $753.4 million (10.1% of its assets). By assets it was the 2nd largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- January 24, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Public Stock Sale
- Total assets
- $7,431,636,000
- Total deposits
- $5,514,987,000
- Estimated cost to the FDIC
- $753,396,784 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- BIF
- FDIC certificate
- 16013
Other bank failures in New York, 1990 to 1994
| 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 |
| First New York Bank for Business | New York | November 13, 1992 | $530.7 million | $498.9 million | $164.6 million | Merchants Bank of New Yo |
| The Union Savings Bank | Patchogue | August 28, 1992 | $491.1 million | $529.5 million | $133.9 million | Home Federal Savings Ban |
| Columbia Banking Fed. | Rochester | June 12, 1992 | $1.28 billion | $1.08 billion | $40.6 million | |
| Riverhead Savings Bank | Riverhead | June 12, 1992 | $388.8 million | $316.6 million | Bank of New York | |
| American Savings Bank | White Plains | June 12, 1992 | $3.20 billion | $2.83 billion | $431.3 million | First Fidelity Bank NA N |
| Dollar Dry Dock Bank | White Plains | February 21, 1992 | $4.03 billion | $3.73 billion | $309.1 million | Emigrant Savings Bank |
| American National Bank of New York | Fleischmanns | January 24, 1992 | $18 million | $17.8 million | $3.6 million |
All bank failures in 1992 · 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.