# MUTUAL AIDE S & LA

> **Failed bank** · MANASQUAN, NJ · failed 1990-05-04 · SL · FDIC cost $18M

## What happened

MUTUAL AIDE S & LA of MANASQUAN, NJ was closed by state regulators on **1990-05-04**. The FDIC was named receiver.

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

Deposits were transferred to **PROVIDENT SB** (JERSEY CITY, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2751
- **FDIC Certificate:** 30130
- **FDIC FIN:** 7376
- **Bank name:** MUTUAL AIDE S & LA
- **Location:** MANASQUAN, NJ
- **Failure date:** 1990-05-04
- **FDIC resolution date:** 1991-08-16
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $18M
- **Deposits at failure:** $105M
- **Assets at failure:** $103M
- **Acquiring bank:** PROVIDENT SB (JERSEY CITY, NJ)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MUTUAL AIDE S & LA (FDIC ID 2751), failed 1990-05-04. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/2751.

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