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FDIC certificate 638 · New York City, NY

What happened to American Bank & Trust Company?

American Bank & Trust Company in New York City, NY failed, and Bank Leumi Trust Company of New York of New York, NY took it over on Sep 15, 1976. After 1 more change of hands, what was American Bank & Trust Company is today part of Valley National Bank (Passaic, NJ).

1914
opened
1976
failed
1
name it used
2
steps to today's bank

The chain, step by step

From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.

  1. 1914
    American Bank & Trust Company opens in New York City, NY
  2. Sep 15, 1976
    FAILEDAmerican Bank & Trust Company failed, and Bank Leumi Trust Company of New York of New York, NY took it over.FDIC certificate 638 ends; its business continues under certificate 19842.
  3. Apr 1, 2022
    MERGEDBank Leumi Trust Company of New York (by then renamed Bank Leumi USA) of New York, NY merged into Valley National Bank of Passaic, NJ.FDIC certificate 19842 ends; its business continues under certificate 9396.
  4. Today
    OPEN
    Valley National BankMain office Passaic, NJ · FDIC certificate 9396 · 228 offices in 6 states on June 30, 2026

    Every Valley National Bank office →   Website on file with the FDIC: www.valley.com

If you still have something from American Bank & Trust Company

A lien that was never released

American Bank & Trust Company failed on Sep 15, 1976. For a failed bank placed in FDIC receivership, the FDIC may be able to issue the lien release, if the loan was paid off to the bank before it failed or to the FDIC afterward. The FDIC says that where a failed bank had an acquirer, its records in most cases went to that acquirer. Here the chain from the acquirer leads to Valley National Bank, which is worth asking too.

Requests go through the FDIC Information and Support Center with the recorded mortgage or title, and proof of payoff. The FDIC says to allow 30 business days once it has every document, and does not take requests by phone or email. Questions: FDIC Resolution Inquiries, 888-206-4662, 8am–4pm Central on weekdays.

An old account, passbook or CD

When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Bank Leumi Trust Company of New York). Start with Valley National Bank, and ask them to search under the name American Bank & Trust Company.

This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.

A safe deposit box

The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Valley National Bank. A box abandoned for years may have been turned over to the state's unclaimed-property program.

Box contents are not covered by FDIC insurance.

Not sure this is your bank?

Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.

Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.

One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.

This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.

Where the guidance comes from ▾

Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 638 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.