Data / Bank failures / 1990 / The Permanent Savings Bank
The Permanent Savings Bank, Niagara Falls, NY: failed July 13, 1990
The Permanent Savings Bank in Niagara Falls, New York, failed on July 13, 1990. Key Bank of Western New Yor of Buffalo, NY, took over its deposits. It held $330 million in assets and $319.3 million in deposits at its last report. By assets it was the 68th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- July 13, 1990
- 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
- $329,994,000
- Total deposits
- $319,311,000
- Charter
- Savings institution
- Insurance fund
- BIF
- FDIC certificate
- 22583
Other bank failures in New York, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| American National Bank of New York | Fleischmanns | January 24, 1992 | $18 million | $17.8 million | $3.6 million |
Other failed banks Key Bank of Western New Yor took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Goldome | Buffalo | NY | May 31, 1991 | $9.89 billion | $6.53 billion | $779.4 million | Key Bank of Western New Yor |
All bank failures in 1990 · 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 2026-10-24. 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.