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Failures by State

Bank Failures in New York

73 FDIC-insured banks headquartered in New York have failed since 1937. The most recent was Signature Bank on March 12, 2023. The worst year was 1990, with 12 failures. Failed banks held $163.30B in assets at closing.

73
Failures
1937 to 2023
$163.30B
Failed assets
At closing
$5.98B
Estimated DIF loss
FDIC estimate
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All New York events
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Largest bank failures in New York

Date Bank City Assets Acquirer or resolution
Mar 12, 2023 Signature Bank New York $110.36B Flagstar Bank, N.A.
May 31, 1991 Goldome Buffalo $9.89B Key Bank of Western New Yor
Jan 24, 1990 Empire of America FSB Buffalo $8.17B Branch sale
Jan 24, 1992 Crossland Savings Bank, FSB Brooklyn $7.43B Public stock sale
Feb 21, 1992 Dollar DRY Dock Bank White Plains $4.03B Emigrant Savings Bank
Oct 8, 1974 Franklin National Bank New York $3.66B —
Apr 18, 1990 The Seamen's Bank of Savings, FS New York $3.39B The Chase Manhattan Bank(na
Jun 12, 1992 American Savings Bank White Plains $3.20B First Fidelity Bank Na N
Aug 31, 1990 Ensign Bank, FSB New York $1.78B Branch sale
Jun 12, 1992 Columbia Banking FED. Rochester $1.28B Branch sale

New York bank failures by year

Year Failures Failed assets
2023 1 $110.36B
2010 3 $927.3M
2009 1 $55.7M
2004 1 $28.6M
1999 1 $87.2M
1995 1 $64.4M
1993 1 $256.0M
1992 8 $17.37B
1991 7 $11.60B
1990 12 $16.53B
1989 4 $508.8M
1988 1 $44.1M
1987 1 $180.8M
1985 2 $175.7M
1981 1 $1.20B
1976 1 $224.5M
1974 1 $3.66B
1956 1 $7.7M
1943 1 $6.7M
1942 2 —
1941 5 $14.1M
1940 11 —
1939 2 —
1938 2 —
1937 2 $2.4M

Every bank failure in New York

Date Bank City Assets Acquirer or resolution
Mar 12, 2023 Signature Bank New York $110.36B Flagstar Bank, N.A.
Jul 9, 2010 USA Bank Port Chester $190.7M New Century Bank
Mar 12, 2010 The Park Avenue Bank New York $520.1M Valley National Bank
Mar 11, 2010 Libertypointe Bank New York $216.5M Valley National Bank
Jul 24, 2009 Waterford Village Bank Williamsville $55.7M Evans Bank N.A.
Mar 19, 2004 Reliance Bank White Plains $28.6M Union State Bank
Dec 10, 1999 Golden City Commercial Bank New York $87.2M Cathay Bank
May 5, 1995 American S & L Association New York $64.4M Interbank of New York
Feb 26, 1993 Jefferson National Bank Watertown $256.0M Fleet Bank of New York
Nov 13, 1992 First New York Bank for Business New York $530.7M Merchants Bank of New Yo
Aug 28, 1992 The Union Savings Bank Patchogue $491.1M Home Federal Savings Ban
Jun 12, 1992 American Savings Bank White Plains $3.20B First Fidelity Bank Na N
Jun 12, 1992 Columbia Banking FED. Rochester $1.28B Branch sale
Jun 12, 1992 Riverhead Savings Bank Riverhead $388.8M Bank of New York
Feb 21, 1992 Dollar DRY Dock Bank White Plains $4.03B Emigrant Savings Bank
Jan 24, 1992 Crossland Savings Bank, FSB Brooklyn $7.43B Public stock sale
Jan 24, 1992 American National Bank of New York Fleischmanns $18.0M —
Nov 7, 1991 Community National Bank and Trust New York $333.8M Chemical Bank
Sep 27, 1991 Eastern FS & La of Sayville Sayville $249.5M Bayside FSB
Aug 9, 1991 Larchmont FS & La Larchmont $123.8M Peoples Westchester SB
May 31, 1991 Goldome Buffalo $9.89B Key Bank of Western New Yor
May 31, 1991 Westerleigh Savings Staten Island $147.8M Branch sale
Mar 22, 1991 State Savings Jackson Heights $445.4M Branch sale
Mar 8, 1991 Beacon Federal Savings Baldwin $406.0M North Side SB
Dec 7, 1990 Central Federal Savings Mineola $890.8M Chemical Bank
Nov 30, 1990 Edison FSA New York $140.1M Flushing SB
Nov 9, 1990 Freedom National Bank of New York New York $110.4M —
Sep 21, 1990 Yorkville Federal Savings New York $344.7M Northern SB
Aug 31, 1990 Ensign Bank, FSB New York $1.78B Branch sale
Jul 13, 1990 The Permanent Savings Bank Niagara Falls $330.0M Key Bank of Western New Yor
Jul 6, 1990 Capital National Bank Bronx $158.2M New York Capital Bank, N.A.
Apr 18, 1990 The Seamen's Bank of Savings, FS New York $3.39B The Chase Manhattan Bank(na
Mar 16, 1990 Whitestone Savings Whitestone $396.9M Astoria FS&LA
Mar 16, 1990 Nasau Federal Savings & Loan Brooklyn $296.8M Staten Island SB
Jan 26, 1990 Monroe Savings Bank, FSB Rochester $520.6M Manufacturers & Traders Tru
Jan 24, 1990 Empire of America FSB Buffalo $8.17B Branch sale
Dec 20, 1989 First City National Bank and Trust New York $39.5M —
Nov 30, 1989 Salamanca FED. Savings Assoc. Salamanca $29.7M Cattaraugus City Bank
Jul 28, 1989 Empire State Bank New York $30.2M —
Jun 21, 1989 Guardian Bank, N.A. Hempstead $409.4M —
Mar 11, 1988 First Intercounty Bank of New York New York $44.1M Community NB&T Co of NY
Sep 11, 1987 Central National Bank of New York New York $180.8M —
Sep 13, 1985 The First National Bank of Rockland Ramapo $29.5M First NB of Highland
Jun 21, 1985 Golden Pacific National Bank New York $146.3M Hongkong&shanghai BK Cor
Sep 8, 1981 First FS&LA of Rochester Rochester $1.20B First FS&LA of Rochester
Sep 15, 1976 American Bank & Trust Company New York $224.5M —
Oct 8, 1974 Franklin National Bank New York $3.66B —
Dec 4, 1956 The Home National of Ellenville Ellenville $7.7M —
Sep 25, 1943 The Jefferson County Nat BK -Watertown Watertown $6.7M —
Mar 28, 1942 Floral Park Bank and Trust Company Floral Park — —

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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