Data / Bank failures / 1983 / Washington FS&LA
Washington FS&LA, New York, NY: received FDIC assistance August 31, 1983
Washington FS&LA in New York, New York, received open bank assistance from the FDIC on August 31, 1983. It held $645 million in assets and $548.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11.8 million (1.8% of its assets). By assets it was the 7th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- August 31, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Ensign Bank FSB, Hialeah, FL
- Total assets
- $644,986,778
- Total deposits
- $548,349,139
- Estimated cost to the FDIC
- $11,846,390 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30170
Other bank failures in New York, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| The First National Bank of Rockland | Ramapo | September 13, 1985 | $29.5 million | $25.3 million | First NB of Highland | |
| Flushing FS&LA (assistance) | Flushing | July 19, 1985 | $527.7 million | $524.9 million | $22.9 million | Long Island Savings Bank F |
| Golden Pacific National Bank | New York | June 21, 1985 | $146.3 million | $131.4 million | HONGKONG&SHANGHAI BK Cor | |
| 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 |
Other failed banks Ensign Bank FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Fort Lee S&LA (assistance) | Fort Lee | NJ | June 30, 1987 | $170.6 million | $183.3 million | $13.1 million | Ensign Bank FSB |
| Community FS&LA (assistance) | Hialeah | FL | August 31, 1983 | $123.1 million | $101.8 million | $1.2 million | Ensign Bank FSB |
All bank failures in 1983 · All bank failures in New York · Every failed bank Ensign Bank FSB 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.