Bank Failure
THE PERMANENT SAVINGS BANK
Closed July 13, 1990 · NIAGARA FALLS , NY · FDIC Cert #22583 .
- Closing date
- July 13, 1990
- Headquarters
- NIAGARA FALLS , NY
- FDIC Certificate
- 22583
- Total assets at closing
- $330.0M
- Total deposits at closing
- $319.3M
- Resolution type
- other
- Acquirer
- KEY BANK OF WESTERN NEW YOR (FDIC Cert #4248)
Context
On July 13, 1990, regulators closed THE PERMANENT SAVINGS BANK , headquartered in NIAGARA FALLS , NY . At closing, the institution held approximately $330.0M in assets and $319.3M in deposits . The FDIC arranged a resolution under which KEY BANK OF WESTERN NEW YOR acquired the failed bank's operations.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1990
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1990-12-28 | CAPITOL BANK AND TRUST COMPANY | BOSTON , MA | $485.6M |
| 1990-12-28 | SOUTHERN FS | NEW ORLEANS , LA | $230.8M |
| 1990-12-28 | FIRST FS & LA OF ANDALUSIA | ANDALUSIA , AL | $38.7M |
| 1990-12-27 | ENTERPRISE SAVINGS BANK, FA | CHICAGO , IL | $432.6M |
| 1990-12-21 | ARKANSAS FSB | LITTLE ROCK , AR | $71.7M |
| 1990-12-15 | MID-AMERICA FS & LA | COLUMBUS , OH | $1.21B |
| 1990-12-14 | COMMUNITY FS & LA | ST. LOUIS , MO | $1.98B |
| 1990-12-14 | COMFED SAVINGS BANK | LOWELL , MA | $1.40B |
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