THE MONTGOMERY NATIONAL BANK Failed 1990

MONTGOMERY TWNSP, NJ · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE MONTGOMERY NATIONAL BANK of MONTGOMERY TWNSP, NJ was closed on 1990-06-29. The FDIC was named receiver.

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

Deposits were transferred to AMBOY NATIONAL BANK (MONTGOMERY TWNSP, NJ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2832
FDIC Certificate
22409
FDIC FIN
4243
Bank name
THE MONTGOMERY NATIONAL BANK
Location
MONTGOMERY TWNSP, NJ
Failure date
1990-06-29
FDIC resolution date
1990-06-29
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$0M
Deposits at failure
$92M
Assets at failure
$93M
Acquiring bank
AMBOY NATIONAL BANK (MONTGOMERY TWNSP, NJ)