Data / Bank failures / 1992 / Riverhead Savings Bank
Riverhead Savings Bank, Riverhead, NY: failed June 12, 1992
Riverhead Savings Bank in Riverhead, New York, failed on June 12, 1992. Bank of New York of New York City, NY, took over its deposits. It held $388.8 million in assets and $316.6 million in deposits at its last report. By assets it was the 42nd largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- June 12, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Bank of New York, New York City, NY
- Total assets
- $388,806,000
- Total deposits
- $316,612,000
- Charter
- Savings institution
- Insurance fund
- BIF
- FDIC certificate
- 16033
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 | |
| 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 |
| 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.