Data / Bank failures / 1981 / First FS&LA of Rochester
First FS&LA of Rochester, Rochester, NY: failed September 8, 1981
First FS&LA of Rochester in Rochester, New York, failed on September 8, 1981. First FS&LA of Rochester of Rochester, NY, took over its deposits. It held $1.20 billion in assets and $989.2 million in deposits at its last report. By assets it was the 6th largest of 40 banks closed or assisted in 1981.
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The FDIC's record
- Closed
- September 8, 1981
- Type
- Failure
- Acquirer
- First FS&LA of Rochester, Rochester, NY
- Total assets
- $1,195,291,078
- Total deposits
- $989,186,249
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28678
Other bank failures in New York, 1979 to 1983
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 | |
| United Mutual Savings Bank (assistance) | New York | September 24, 1982 | $832.9 million | $777.9 million | $33.1 million | American Savings Bank |
| First FS&LA of New York (assistance) | New York City | September 20, 1982 | $658.9 million | $462.6 million | First FS&LA of Rochester |
Other failed banks First FS&LA of Rochester took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First FS&LA of New York (assistance) | New York City | NY | September 20, 1982 | $658.9 million | $462.6 million | First FS&LA of Rochester | |
| 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 |
All bank failures in 1981 · 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.