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Goldome - 1846 Specimen Stock Certificate

Inv# SE3756   Specimen Stock
Country: Cayman Islands
State(s): New York
Years: 1846

Specimen Stock printed by United States Banknote Company.

Goldome, New York State's largest savings institution, will be closed and divided between local competitors -- the First Empire Corporation of Buffalo and Keycorp of Albany, the Federal Deposit Insurance Corporation announced yesterday. The troubled Buffalo-based savings bank failed to attract the new investors it needed. Branches of Goldome will open under their new names either Saturday or Monday with no interruption in service or change in deposit insurance coverage. The F.D.I.C., which insures many savings banks as well as commercial banks, expects to lose about $930 million from closing Goldome, making it the sixth-most-costly failure in the agency's history. With $9.9 billion of assets, Goldome was the 13th-largest savings institution in the country. Ten commercial banks in New York are larger than Goldome. Keycorp's subsidiary banks in Buffalo and Syracuse will acquire 31 branches with about $3.3 billion of deposits, while the Manufacturers and Traders Trust Company, a unit of First Empire, will acquire 11 branches in Buffalo with $1.9 billion of deposits.

Condition: Excellent

Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firms products. These are usually marked "Specimen" and have no serial numbers.

Item ordered may not be exact piece shown. All original and authentic.