NASSAU S & LA Failed 1990
What happened
NASSAU S & LA of PRINCETON, NJ was closed on 1990-03-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PENN SB, FSB (WYOMISSING, PA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2695
- FDIC Certificate
- 30795
- FDIC FIN
- 7408
- Bank name
- NASSAU S & LA
- Location
- PRINCETON, NJ
- Failure date
- 1990-03-09
- FDIC resolution date
- 1991-08-23
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $52M
- Deposits at failure
- $276M
- Assets at failure
- $313M
- Acquiring bank
- PENN SB, FSB (WYOMISSING, PA)
Other banks PENN SB, FSB acquired in FDIC resolutions