Data / Bank failures / 1987 / Syracuse Savings Bank
Syracuse Savings Bank, Syracuse, NY: received FDIC assistance May 13, 1987
Syracuse Savings Bank in Syracuse, New York, received open bank assistance from the FDIC on May 13, 1987. It held $1.18 billion in assets and $1.10 billion in deposits at its last report. By assets it was the 4th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- May 13, 1987
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Syracuse Savings Bank, Syracuse, NY
- Total assets
- $1,183,321,000
- Total deposits
- $1,099,485,000
- Charter
- Savings institution
- Insurance fund
- FDIC
- FDIC certificate
- 16043
Other bank failures in New York, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First City National Bank and Trust | New York | December 20, 1989 | $39.5 million | $38.2 million | $10.8 million | |
| Salamanca Fed. Savings Assoc. | Salamanca | November 30, 1989 | $29.7 million | $29.7 million | $1,253 | Cattaraugus City Bank |
| Empire State Bank | New York | July 28, 1989 | $30.2 million | $26.2 million | $2.6 million | |
| Guardian Bank, N.A. | Hempstead | June 21, 1989 | $409.4 million | $383 million | $203.6 million | |
| First Intercounty Bank of New York | New York | March 11, 1988 | $44.1 million | $37.9 million | $8 million | Community NB&T Co of Ny |
| Central National Bank of New York | New York | September 11, 1987 | $180.8 million | $174.7 million | $58.7 million | |
| Home Savings Bank (assistance) | White Plains | December 31, 1985 | $413.9 million | $405 million | $5.7 million | Home Savings Bank |
| Bowery Savings Bank (assistance) | New York | October 1, 1985 | $5.28 billion | $5.00 billion | $334.5 million | Bowery Savings Bank |
Other failed banks Syracuse Savings Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Auburn Savings Bank (assistance) | Auburn | NY | October 1, 1983 | $133.2 million | $131.4 million | Syracuse Savings Bank | |
| Mechanics Savings Bank (assistance) | Elmira | NY | October 15, 1982 | $55.3 million | $50.6 million | Syracuse Savings Bank |
All bank failures in 1987 · All bank failures in New York · Every failed bank Syracuse Savings Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.