# ELYSIAN FEDERAL SAVINGS BANK

> **Failed bank** · HOBOKEN, NJ · failed 1989-02-17 · Savings bank · FDIC cost $31M

## What happened

ELYSIAN FEDERAL SAVINGS BANK of HOBOKEN, NJ was closed by state regulators 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
- **Estimated FDIC DIF cost:** $31M
- **Deposits at failure:** $201M
- **Assets at failure:** $199M
- **Acquiring bank:** PAMRAPO SB, SLA (BAYONNE, NJ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ELYSIAN%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ELYSIAN FEDERAL SAVINGS BANK (FDIC ID 2125), failed 1989-02-17. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2125.

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