RELIANCE FS&LA Failed 1988
What happened
RELIANCE FS&LA of RAHWAY, NJ was closed on 1988-11-02. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to CROSSLAND SAVINGS FSB (SALT LAKE CITY, UT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1973
- FDIC Certificate
- 28293
- FDIC FIN
- 1761
- Bank name
- RELIANCE FS&LA
- Location
- RAHWAY, NJ
- Failure date
- 1988-11-02
- FDIC resolution date
- 1988-11-02
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $83M
- Assets at failure
- $64M
- Acquiring bank
- CROSSLAND SAVINGS FSB (SALT LAKE CITY, UT)
Other banks CROSSLAND SAVINGS FSB acquired in FDIC resolutions