METROPOLITAN FED. S & L ASSOC. Failed 1989
What happened
METROPOLITAN FED. S & L ASSOC. of DENVILLE, NJ was closed on 1989-04-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COLLECTIVE FSB (EGG HARBOR, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2364
- FDIC Certificate
- 30374
- FDIC FIN
- 7196
- Bank name
- METROPOLITAN FED. S & L ASSOC.
- Location
- DENVILLE, NJ
- Failure date
- 1989-04-27
- FDIC resolution date
- 1990-09-28
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $175M
- Assets at failure
- $168M
- Acquiring bank
- COLLECTIVE FSB (EGG HARBOR, NJ)
Other banks COLLECTIVE FSB acquired in FDIC resolutions