Data / Bank failures / 2010 / USA Bank
USA Bank, Port Chester, NY: failed July 9, 2010
USA Bank in Port Chester, New York, failed on July 9, 2010. New Century Bank of Phoenixville, PA, took over its deposits. It held $190.7 million in assets and $188.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $63.5 million (33.3% of its assets). By assets it was the 97th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- July 9, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- New Century Bank, Phoenixville, PA
- Total assets
- $190,678,000
- Total deposits
- $188,644,000
- Estimated cost to the FDIC
- $63,537,160 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 58072
Other bank failures in New York, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Park Avenue Bank | New York | March 12, 2010 | $520.1 million | $494.5 million | $76.4 million | Valley National Bank |
| Libertypointe Bank | New York | March 11, 2010 | $216.5 million | $209.5 million | $18.4 million | Valley National Bank |
| Waterford Village Bank | Williamsville | July 24, 2009 | $55.7 million | $56.1 million | $7.9 million | Evans Bank National Association |
| Merrill Lynch Bank & Trust Co FSB (assistance) | New York | January 16, 2009 | $37.99 billion | $28.54 billion |
Other failed banks New Century Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Isn Bank | Cherry Hill | NJ | September 17, 2010 | $81.6 million | $79.7 million | $18.9 million | New Century Bank |
All bank failures in 2010 · All bank failures in New York · Every failed bank New Century 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.