Data / Bank failures / 1991 / Goldome
Goldome, Buffalo, NY: failed May 31, 1991
Goldome in Buffalo, New York, failed on May 31, 1991. Key Bank of Western New Yor of Buffalo, NY, took over its deposits. It held $9.89 billion in assets and $6.53 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $779.4 million (7.9% of its assets). By assets it was the 3rd largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- May 31, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Key Bank of Western New Yor, Buffalo, NY
- Total assets
- $9,890,866,000
- Total deposits
- $6,525,085,000
- Estimated cost to the FDIC
- $779,432,051 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- BIF
- FDIC certificate
- 15963
Other bank failures in New York, 1989 to 1993
| 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 |
| Crossland Savings Bank, FSB | Brooklyn | January 24, 1992 | $7.43 billion | $5.51 billion | $753.4 million | Public Stock Sale |
Other failed banks Key Bank of Western New Yor took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Permanent Savings Bank | Niagara Falls | NY | July 13, 1990 | $330 million | $319.3 million | Key Bank of Western New Yor |
All bank failures in 1991 · All bank failures in New York · Every failed bank Key Bank of Western New Yor 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.