Data / Bank failures / 1982 / Suffolk County FS&LA
Suffolk County FS&LA, Centereach, NY: received FDIC assistance April 15, 1982
Suffolk County FS&LA in Centereach, New York, received open bank assistance from the FDIC on April 15, 1982. It held $1.11 billion in assets and $950.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25 million (2.2% of its assets). By assets it was the 8th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- April 15, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Long Island Savings Bank F, Centereach, NY
- Total assets
- $1,113,262,927
- Total deposits
- $950,154,589
- Estimated cost to the FDIC
- $24,982,190 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 29037
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 Long Island Savings Bank F took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Flushing FS&LA (assistance) | Flushing | NY | July 19, 1985 | $527.7 million | $524.9 million | $22.9 million | Long Island Savings Bank F |
All bank failures in 1982 · All bank failures in New York · Every failed bank Long Island Savings Bank F 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.