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Bank Failures

Failed Bank Information for USA Bank, Port Chester, NY

On Friday, July 9, 2010, USA Bank was closed by the New York State Banking Department. The FDIC was named Receiver. New Century Bank (doing business as Customers 1st Bank), Phoenixville, PA acquired all deposit accounts.

The FDIC as Receiver for USA Bank, Port Chester, NY has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 30, 2021 and has made all dividend distributions required by law.

Effective July 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: July 1, 2022
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Notice of Intent to Terminate

Publication Date: September 30, 2021
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Dividend Information

Report on dividends paid
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Press Release

Official press release

Beware of scams!


Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: Customers 1st Bank

About Customers 1st Bank

All deposit accounts, excluding certain brokered deposits, were transferred to New Century Bank (doing business as Customers 1st Bank), Phoenixville, PA ("assuming institution"). Former USA Bank locations reopened as branches of Customers 1st Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Customers 1st Bank for at least six months after the failure of USA Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Customers 1st Bank as long as the deposits are not pledged as collateral for loans.

Contacting Customers 1st Bank

Customers 1st Bank has changed its legal name and is currently doing business as Customers Bank.

You can contact Customers Bank:

Customers Bank
99 Bridge St
Phoenixville, PA 19460

Customers Bank (www.customersbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (1.0Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: July 8, 2022