# FIRST FS&LA OF HAMMONTON

> **Failed bank** · HAMMONTON, NJ · failed 1988-05-25 · SL · FDIC cost $82M

## What happened

FIRST FS&LA OF HAMMONTON of HAMMONTON, NJ was closed by state regulators on **1988-05-25**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **RARITAN VALLEY S&LA** (EAST BRUNSWICK, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1757
- **FDIC Certificate:** 28802
- **FDIC FIN:** 1728
- **Bank name:** FIRST FS&LA OF HAMMONTON
- **Location:** HAMMONTON, NJ
- **Failure date:** 1988-05-25
- **FDIC resolution date:** 1988-05-25
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $82M
- **Deposits at failure:** $298M
- **Assets at failure:** $238M
- **Acquiring bank:** RARITAN VALLEY S&LA (EAST BRUNSWICK, NJ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FS%26LA%20OF%20HAMMONTON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA OF HAMMONTON (FDIC ID 1757), failed 1988-05-25. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/1757.

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