Dollar Dry Dock Savings Bank

In order to raise cash, 6 branches were sold to Manufacturers Hanover Trust.

In 1985, the bank offered depositors an interest rate of 9.59% on money market accounts, one of the highest rates in the New York metropolitan area.

In 1990, 2 branches were sold to Chase Manhattan Bank.

[4] On February 21, 1992, the bank and its 21 branches were seized by the New York State Banking Department with the Federal Deposit Insurance Corporation named as receiver.

[5] The real estate division was sold to the president of the company.