# RELIANCE FS&LA

> **Failed bank** · RAHWAY, NJ · failed 1988-11-02 · SL · FDIC cost $11M

## What happened

RELIANCE FS&LA of RAHWAY, NJ was closed by state regulators 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
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $83M
- **Assets at failure:** $64M
- **Acquiring bank:** CROSSLAND SAVINGS FSB (SALT LAKE CITY, UT)

## Other banks CROSSLAND SAVINGS FSB has acquired in FDIC resolutions

- WESTERN S&LA (SALT LAKE CITY, UT) — failed 1987-03-24 — /failed-bank/1401

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, RELIANCE FS&LA (FDIC ID 1973), failed 1988-11-02. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/1973.

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