 McCurdy & Co. borrowed $4.5 million in January 1994 from the City of Rochester, citing a need for working capital, and giving a mortgage on the McCurdy Midtown building as security.In July 1994, McCurdy's and B. Forman Co. closed.It was announced that four McCurdy locations would be sold to the May Company, and all B. Forman Co. stores would be closed.