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You have an old Empire Savings Bank savings account that was opened in the early 1970s in new york what bank now owns Empire Savings?
Wiki User
∙ 15y ago
Hi: I have always wondered what happened to the accounts that were in the Empire Bank after it closed. I remember being in the second grade in Hempstead, New York and all of my classmates and I had an opportunity to open an account with Empire. Every week we would bring in our deposits and put them in a yellow/golden color envelope and give it to our teacher so that it can be deposited. I have searched high and low to find out information about the funds. Although I don't think I had any major money in the account, it still would have been more appropriate for them to send their customers information on their closing and how to obtain their money. I no longer have any information about my personal account and I think it would be difficult for me to claim any money if I found out how to do so. I must say, it was difficult for me as a child to process the information that a bank is closed and I couldn't get my money back. Nevertheless, today (7/30/08) I was on the internet trying to find out something about those funds and your question came up as one of my hits. The following is the information that I had found in my search today. I hope this is helpful. Please let me know if you find out anything and I will post any further information I locate as well. "In 1980, Central Bancompany purchased Empire Bank and Mike Williamson was named President and CEO. For the last 26 years, Mike has led Empire Bank while serving actively in the community. In April 2006, Russ Marquart was named President and Mike continues as CEO and Chairman of the Board. " http://www.empirebank.com/app/about/history.jsp This entity is not related to Empire Savings Bank in New York. This bank is a Missouri entity. "Empire Savings Bank was formed as the result of a merger between Excelsior Savings Bank and Empire City Savings Bank in 1967 [1] It was declared insolvent in 1990 [2] and had 125 branches in New York, California, Florida, Michigan, and Texas, making it the 12th-largest bank in the United States in 1989 [3]. It was said that its problems were caused by the purchase of several insolvent banks during the 1980s from the support of federal regulators. In 1992 it was sold to Ridgewood Savings Bank and liquidated in 1995 [4]" # ^ [1] NYT article # ^ [2] NYT article # ^ [3] NYT article # ^[4] Bank history page " http://en.wikipedia.org/wiki/Empire_Savings_Bank#cite_note-3 National Association of Unclaimed Property Administrators:http://www.unclaimed.org/ and New York State Comptroller: http://www.osc.state.ny.us/ Good Luck!
Wiki User
∙ 15y ago
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Is there an age requirement for opening a savings account?
No, parents can open savings accounts for children or children can open savings accounts for themselves. If a parent has opened a savings account for a child then they can put it in their name once they turn eighteen.
What are the HSBC savings rates?
HSBC savings rates differ depending on the type of account and the balance in the account. There are approximately three types of accounts. The Premier Savings account offers a 0.20% annual rate. The Everyday Savings account offers a 0.01% annual rate and the HSBC Advantage Online Savings account offers a 0.10% annual rate. These rates are variable and subject to change after an account is opened.
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What kinds of savings accounts are available to be opened at Capital Federal bank branches?
Capitol Federal Bank offers seven different options for savings accounts. These include Statement Savings, Money Market Select Accounts, CDs, Kid's Savings (Blue Bucks), Teen Savings Accounts (Blue Chips, Coverdell Education Savings Accounts, and the Better Savings savings account.
What if your savings account pays 5 simple interest. You opened your savings account with 200 and did not add any additional deposits. After 2 years your account balance is approximately?
For simple interest you get $10 a year total in the account for 2 years $220.The answer is arrived at by multiplying $200x1.05x1.05 (for compound interest).$200x1.05x1.05= $220.50
Does a past savings account still remain?
If you opened a savings account in the past and never did anything with it, yes it would still remain opened and active
Is there an age requirement for opening a savings account?
No, parents can open savings accounts for children or children can open savings accounts for themselves. If a parent has opened a savings account for a child then they can put it in their name once they turn eighteen.
How do you use account in a compound sentence?
She drove to the bank and she opened a savings account.
What are the HSBC savings rates?
HSBC savings rates differ depending on the type of account and the balance in the account. There are approximately three types of accounts. The Premier Savings account offers a 0.20% annual rate. The Everyday Savings account offers a 0.01% annual rate and the HSBC Advantage Online Savings account offers a 0.10% annual rate. These rates are variable and subject to change after an account is opened.
Can someone else open a savings account for you?
No. A Savings account can only be opened by the individual who is going to own and operate the account. Proxy account openings are not allowed in the banking industry. Unless the customer makes a trip to the bank, he/she cannot get a bank account opened.
Does U.S. Bank offer any high yield savings accounts?
U.S. Bank does not currently have any high interest savings account. The highest paying account the bank currently has is 0.85% in a money market savings account. The highest yield available at US Bank (for a savings account) is the Package Money Market Savings account with yields up to 0.85%. This account must be opened with a US Bank Silver, Gold or Platinum checking account.
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What kinds of savings accounts are available to be opened at Capital Federal bank branches?
Capitol Federal Bank offers seven different options for savings accounts. These include Statement Savings, Money Market Select Accounts, CDs, Kid's Savings (Blue Bucks), Teen Savings Accounts (Blue Chips, Coverdell Education Savings Accounts, and the Better Savings savings account.
How many typesof account can be opened?
there are many: Checking, savings, investments, Commercial (business) just for starters, most people start by a simple checking and savings.
If you have an old Harlem Savings Bank savings account that was opened in the late 1960's in new york what bank now owns Harlem Savings?
I think it may be NY Community Bank Corp.
Procedures followed by a BANK in opening a savings account for a customer?
to open a bank account we need all the proofs like id proof,adress proof ad some more and then sign some contracts with the bank concerned and then your savings account is opened.
What if your savings account pays 5 simple interest. You opened your savings account with 200 and did not add any additional deposits. After 2 years your account balance is approximately?
For simple interest you get $10 a year total in the account for 2 years $220.The answer is arrived at by multiplying $200x1.05x1.05 (for compound interest).$200x1.05x1.05= $220.50
