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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Largest bank failures in New York
| Date | Bank | Assets |
|---|---|---|
| Mar 12, 2023 | Signature Bank | $110.36B |
| May 31, 1991 | Goldome | $9.89B |
| Jan 24, 1990 | Empire of America FSB | $8.17B |
| Jan 24, 1992 | Crossland Savings Bank, FSB | $7.43B |
| Feb 21, 1992 | Dollar DRY Dock Bank | $4.03B |
| Oct 8, 1974 | Franklin National Bank | $3.66B |
| Apr 18, 1990 | The Seamen's Bank of Savings, FS | $3.39B |
| Jun 12, 1992 | American Savings Bank | $3.20B |
| Aug 31, 1990 | Ensign Bank, FSB | $1.78B |
| Jun 12, 1992 | Columbia Banking FED. | $1.28B |
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
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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