ELYSIAN FEDERAL SAVINGS BANK Failed 1989

HOBOKEN, NJ · Savings bank · view on FDIC BankFind ↗

What happened

ELYSIAN FEDERAL SAVINGS BANK of HOBOKEN, NJ was closed on 1989-02-17. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to PAMRAPO SB, SLA (BAYONNE, NJ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2125
FDIC Certificate
31532
FDIC FIN
7103
Bank name
ELYSIAN FEDERAL SAVINGS BANK
Location
HOBOKEN, NJ
Failure date
1989-02-17
FDIC resolution date
1990-06-29
Charter type
Savings bank
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$31M
Deposits at failure
$201M
Assets at failure
$199M
Acquiring bank
PAMRAPO SB, SLA (BAYONNE, NJ)