Data / Bank failures / 1982 / First FS&LA of New York
First FS&LA of New York, New York City, NY: received FDIC assistance September 20, 1982
First FS&LA of New York in New York City, New York, received open bank assistance from the FDIC on September 20, 1982. It held $658.9 million in assets and $462.6 million in deposits at its last report. By assets it was the 19th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- September 20, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First FS&LA of Rochester, Rochester, NY
- Total assets
- $658,856,239
- Total deposits
- $462,565,693
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28941
Other bank failures in New York, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Auburn Savings Bank (assistance) | Auburn | October 1, 1983 | $133.2 million | $131.4 million | Syracuse Savings Bank | |
| Washington FS&LA (assistance) | New York | August 31, 1983 | $645 million | $548.3 million | $11.8 million | Ensign Bank FSB |
| Dry Dock Savings Bank (assistance) | New York | February 9, 1983 | $2.45 billion | $2.04 billion | $59.4 million | Dollar-Dry SB of Ny |
| South Shore FS&LA (assistance) | Massapequa | November 15, 1982 | $366.1 million | $272.2 million | $19.5 million | Empire of America Fsa |
| Island S&LA (assistance) | Hempstead | November 15, 1982 | $284.5 million | $221 million | $12.1 million | Empire of America Fsa |
| Mechanics Savings Bank (assistance) | Elmira | October 15, 1982 | $55.3 million | $50.6 million | Syracuse Savings Bank |
Other failed banks First FS&LA of Rochester took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Knickerbocker FS&LA (assistance) | New York | NY | March 9, 1982 | $528.8 million | $347.8 million | First FS&LA of Rochester | |
| Ninth Federal Savings (assistance) | New York | NY | March 9, 1982 | $477.5 million | $241.5 million | First FS&LA of Rochester | |
| Franklin Society FS&LA (assistance) | New York | NY | September 8, 1981 | $947.4 million | $703.9 million | $200 million | First FS&LA of Rochester |
| First FS&LA of Rochester | Rochester | NY | September 8, 1981 | $1.20 billion | $989.2 million | First FS&LA of Rochester |
All bank failures in 1982 · All bank failures in New York · Every failed bank First FS&LA of Rochester took over · 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.