# NASSAU S & LA

> **Failed bank** · PRINCETON, NJ · failed 1990-03-09 · SL · FDIC cost $52M

## What happened

NASSAU S & LA of PRINCETON, NJ was closed by state regulators 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
- **Estimated FDIC DIF cost:** $52M
- **Deposits at failure:** $276M
- **Assets at failure:** $313M
- **Acquiring bank:** PENN SB, FSB (WYOMISSING, PA)

## Other banks PENN SB, FSB has acquired in FDIC resolutions

- UNITED S & L OF TRENTON (TRENTON, NJ) — failed 1990-06-15 — /failed-bank/2815

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NASSAU S & LA (FDIC ID 2695), failed 1990-03-09. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2695.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*