# FORT LEE S&LA

> **Failed bank** · FORT LEE, NJ · failed 1987-06-30 · SL · FDIC cost $13M

## What happened

FORT LEE S&LA of FORT LEE, NJ was closed by state regulators on **1987-06-30**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **ENSIGN BANK FSB** (NEW YORK, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1462
- **FDIC Certificate:** 29917
- **FDIC FIN:** 1708
- **Bank name:** FORT LEE S&LA
- **Location:** FORT LEE, NJ
- **Failure date:** 1987-06-30
- **FDIC resolution date:** 1987-06-30
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $13M
- **Deposits at failure:** $183M
- **Assets at failure:** $171M
- **Acquiring bank:** ENSIGN BANK FSB (NEW YORK, NY)

## Other banks ENSIGN BANK FSB has acquired in FDIC resolutions

- COMMUNITY FS&LA (HIALEAH, FL) — failed 1983-08-31 — /failed-bank/816
- WASHINGTON FS&LA (NEW YORK, NY) — failed 1983-08-31 — /failed-bank/815

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FORT%20LEE%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FORT LEE S&LA (FDIC ID 1462), failed 1987-06-30. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/1462.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*